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EXPERTS EXPECT BANKRUPTCY OF A NUMBER OF DEVELOPERS

... remain on the market, the market becomes healthier. Weak players are leaving the market, which helps strengthen the industry in the long 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 the developer, his projects will be transferred to other more stable companies, which eliminates risks for investors and buyers ...

ST. PETERSBURG DEVELOPERS HAVE CONCLUDED A SETTLEMENT AND AVOIDED BANKRUPTCY

Alfa Faberge construction company avoided bankruptcy by agreeing with creditors. The organization has concluded amicable agreements with PLF JSC (PLG structure) and L-Industry and Sinopskaya Embankment companies affiliated with the developer. According to RBC Petersburg, the deal was finalized on May 23, 2024. At the end of February, Rusbankrot reported on a lawsuit that the company had received from L-Industry (case no. A56-16843/2024). On March 25, the court recognized the company's ...

THE TROUBLED DEVELOPER FROM TYUMEN WAS AGAIN THREATENED WITH BANKRUPTCY

... head of the region declared personal control over the construction of the residential complex. The regional authorities promised to take measures to ensure that residents receive the keys to the apartments by the end of 2022. However, in November, the developer announced that the building would be commissioned no earlier than the second quarter of 2023. This is not the first time the company has faced a bankruptcy lawsuit. In 2021, the appeal to the court was sent by the shareholders deceived in their expectations, who did not wait for the promised deadlines (cases no. A70-21724/2021 and no. A70-15908/2021). At the end of 2022, the situation was repeated ...

KRASNOYARSK DEVELOPER IS REQUIRED TO BE DECLARED BANKRUPT

... process was the tax authorities (MI FTS No. 1). They demand the collection of tax debts in the amount of more than 7 million. Despite the relatively small amount of debt, the very fact of filing an application raises questions, given the scale of the developer's current activities. The Monolithholding company is known for its development projects on the territory of the regional capital. Among them are residential complexes in several districts and other iconic objects (for example, the First Tower ...

A TROUBLED DEVELOPER FROM YEKATERINBURG WANTS TO BECOME BANKRUPT

Specialized developer Sakharova 85 (TIN 6670488962) filed for bankruptcy in the Sverdlovsk region at the end of October (case no. A60-62866/2024). The amount of the declared debt amounted to 472,876,709.09 rubles. The court accepted the claim for consideration, scheduling a hearing on the case for December 4, 2024....

THE MOMENT OF ASSIGNMENT OF THE CLAIM TO THE DEVELOPER DOES NOT AFFECT THE RIGHT OF THE SHAREHOLDER TO RECEIVE COMPENSATION

As part of the bankruptcy case of the developer (No. A56-76787/17), the creditor applied to the court to determine the amount of compensation to the construction participant. Satisfying the application, the court of first instance proceeded from the fact that the territorial development ...

THE BANKRUPT SOCHI DEVELOPER FOUND HIMSELF WITHOUT PROPERTY

... years ago, the organization reported revenue in the amount of 6.9 million rubles. But in 2023, the company suffered 1.3 million losses. Accounts receivable of the company exceeded 29 million, while accounts payable amounted to 225 thousand. The Sochi developer received bankruptcy status on July 31, 2024 (case no. A32-71530/2023). The initiative to declare the company insolvent belonged to the tax authorities (MI FTS No. 8 in the Krasnodar Territory). The reason was the company's debt in the amount of 988 thousand. At ...

THE SCANDALOUS CHELYABINSK DEVELOPER WAS DECLARED BANKRUPT

... Chelyabinsk arbitration court recognized the bankruptcy of the StroyTransOyuz company. The initiator of the bankruptcy was previously the organization itself. In June 2023, the developer came under surveillance. Now the organization has introduced a bankruptcy procedure. In March 2023, Rusbankrot reported on the developer's plans to begin insolvency proceedings. The message about this was posted on the website of Fedresurs by the then owner and head of the company, Ravkat Azamatov. His son and co-owner of the business, who held the position of director of the ...

THE TAX AUTHORITIES WILL BANKRUPT THE STRUCTURE OF THE DEVELOPER FROM ST. PETERSBURG

On June 2, 2024, the arbitration court in St. Petersburg received a statement of claim from the tax authorities (FTS No. 16). In it, representatives of the fiscal department demanded that the company "Basis", which is owned by SZ SPB Srednerogatskaya (Seven Suns Development structure), be declared insolvent. Representatives of the Federal Tax Service demand about 115 million rubles from the defendant (case no. A56-61356/2024). The main part of the shares of the latter (more than...

A LAWSUIT WAS FILED AGAINST A MOSCOW DEVELOPER FOR 55.6 MILLION

... filed a lawsuit against Mosotdelstroy No. 1 on May 13, 2024. The amount of claims exceeds 55.66 million rubles. The application itself has not yet been accepted by the court for consideration (case no. A40-46890/2024). The defendant is a well–known developer. The history of the organization began back in 1937. In the early 2000s, the company was close to ruin, but the capital's officials decided to save the company by paying off the debts accumulated earlier. The company is known for completing ...

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