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VLAD PAPER'S BUSINESS IN RUSSIA IS UNDER THREAT OF BANKRUPTCY

... divided between several legal entities. The Belarusian entrepreneur carries out his blogging activity directly through the Achetyre company. Its revenue in 2023 is 794 million, and its profit is 377.3 million. In its publication about plans to initiate bankruptcy, Paper Paper identified two creditors. In addition to Wild Russia, the largest financial institution in the country, Sberbank, appears on the list. In accordance with the regulatory requirements of the law "On Bankruptcy", a firm ...

LIPETSK "ENERGOSTROYSERVICE" AVOIDED BANKRUPTCY

The Lipetsk-based Energostroyservice company, specializing in engineering communications, was able to avoid bankruptcy despite a significant tax debt. The situation with the financial condition of the company was considered in the arbitration court. The essence of the problem became apparent when, in November 2024, the tax authorities of the Lipetsk region ...

SBER HAS WITHDRAWN THE APPLICATION FOR BANKRUPTCY OF THE KRASNOYARSK DAIRY PLANT

... operates under the trademarks "Mlada" and "Molola". Some time ago, the organization faced financial difficulties, which has already led to several attempts to declare it insolvent. For example, in August 2024, an application for bankruptcy of an enterprise filed by Sibir (CJSC) was submitted to arbitration. In September, the applicant received a court's refusal to accept this claim (case no. A33-24082/2024). Later, several other firms tried to join the process. Eurosib-Trade ...

IF IT IS IMPOSSIBLE TO RESTORE SOLVENCY, IT IS NECESSARY TO OPEN BANKRUPTCY PROCEEDINGS

... into account the expiration of the monitoring procedure and the absence of grounds for the introduction of other bankruptcy procedures. The appeal overturned the decision and sent the case for a new hearing, since the petition for declaring the debtor bankrupt and the introduction of bankruptcy proceedings, as a general rule, falls within the competence of the creditors' meeting. The Court of Appeal concluded that there was no proper evidence in the case indicating the impossibility of restoring the debtor's solvency, the decision ...

THE AIRLINE FROM TATARSTAN HAS FILED FOR BANKRUPTCY

... arbitration of the republic with an application for insolvency. The airline faced serious financial difficulties, which led to the decision to file a lawsuit. On January 21 of this year, Rusbankrot already announced the company's plans to initiate bankruptcy proceedings. This became known after the relevant information was posted on the "Fedresource". The airline indicated that its creditors are 65 legal entities and individuals. The organization reported that its debt to creditors reached ...

ROSSETI SEES THE RISK OF BANKRUPTCY OF THE SIBERIAN SUBSIDIARY

PJSC ROSSETI has taken care of the economic condition of its subsidiary, Rosseti Siberia. The head of the company, Andrey Ryumin, sent an appeal to the head of the Russian government, pointing out that there is a real threat of bankruptcy in the very near future. It is reported that if the financial situation of the enterprise does not change, the organization will be forced to close investment and repair programs. The main reason for the financial problems of the Siberian ...

COMPLAINTS FROM CUSTOMERS OF THE BLUMART CHAIN MAY RESULT IN BANKRUPTCY

... its profit exceeding 2 billion rubles in 2023, faced serious financial difficulties, and last year 15 lawsuits were filed, totaling 30 million rubles. Lawyers and arbitration managers note that the situation is unlikely to be fixed without launching bankruptcy proceedings. Some experts believe that the company is no longer able to solve the debt problem on its own and may declare its insolvency in the coming months. In a situation where the company is declared bankrupt, the affected buyers have the opportunity to return their financial resources. The procedure will be lengthy, but partial payments to creditors, including clients, are possible based on the company's assets. At the bankruptcy stage, the bankruptcy ...

THE CENTRAL BANK AND THE NATIONAL SETTLEMENT DEPOSITORY AGAINST EUROCLEAR BANKRUPTCY

The Central Bank and the National Settlement Depository (NSD) did not support the bankruptcy of the European depository Euroclear in court. According to Interfax, the Bank of Russia believes that Euroclear has no signs of insolvency according to the criterion of insufficient funds. According to the representative of the Central Bank,...

WITHOUT BEING THE RECIPIENT OF THE PENSION, THE DEBTOR WILL NOT BE ABLE TO EXCLUDE IT FROM THE BANKRUPTCY ESTATE

The debtor applied to the court with an application for the financial manager's obligation to provide monthly subsistence allowance and alimony expenses in cash (case no. A56-78752/15). The courts of two instances excluded the cost of living from the bankruptcy estate at the expense of funds received by the debtor from the amount of the state disability pension monthly until the end of bankruptcy proceedings in the event of receipt of these funds in the bankruptcy estate. The rest of the application ...

EXPERTS EXPECT BANKRUPTCY OF A NUMBER OF DEVELOPERS

... despite the difficulties, will be transferred to more sustainable developers for further completion. Goldberg believes that such bankruptcies are part of the normal development of a mature market. When only those companies that are able to operate effectively ... ... run. Goldberg also stressed that it is extremely unprofitable for banks involved in project financing to bring a developer to bankruptcy. Such a situation is possible within the framework of existing project financing schemes. In case of bankruptcy of ...

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