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THE SETTLEMENT AGREEMENT STOPPED THE BANKRUPTCY OF THE PULP AND PAPER MILL

The bankruptcy proceedings of a pulp and paper mill in the Sverdlovsk region were terminated by the arbitration court in connection ... ... from the Federal Tax Service No. 13 increased from 72 million to 96.3 million rubles, Kommersant writes. Under the terms of the settlement agreement approved by the arbitration court, the plant promised to close the debt to the Federal Tax Service within a year. April 2023 was a particularly difficult month for the Turin Pulp and Paper Mill....

THE SETTLEMENT AGREEMENT SAVED THE "CAVIAR KING" OF KAMCHATKA FROM BANKRUPTCY

Entrepreneur Alexander Borisik avoided bankruptcy, which threatened him from the tax authorities. In the process of checking the business by the structures of the Federal Tax Service, it turned out that the debt of the "caviar king" to the budget of the Russian Federation amounted to about 1.6 billion rubles. However, the businessman was offered to conclude a settlement agreement and pay all the money voluntarily. For the first time, the entrepreneur, who was in no hurry to get on the pages of glossy magazines, was noticed by Forbes journalists. The reason for the increased attention of the press was the ...

MOST RUSSIANS INITIATE BANKRUPTCY ON THE ADVICE OF BORROWERS

Up to 90% of debtors in Russia turn in one way or another to intermediary companies engaged in "solving ... ... overdue debts. A significant part of borrowers recommends that citizens go through bankruptcy proceedings, often aggravating the borrower's situation, said Anastasia Lyapunova... ... that it is possible to settle debts through obtaining credit holidays, concluding a settlement agreement or restructuring.

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 ...

WHEN CONCLUDING A BANKRUPTCY SETTLEMENT, IT IS NECESSARY TO REMEMBER ABOUT INDIVIDUAL CREDITORS

In the framework of the insolvency case (No. A40-278566/22), the court of first instance concluded a settlement agreement, on the basis of which the proceedings were terminated. The creditor filed a cassation appeal against the ... ..., noting the following: • By a court ruling, the creditor's claims were included in the register of creditors' claims of the debtor, however, the settlement agreement was concluded without the participation of this creditor, does not contain provisions ...

THE SUPREME COURT WILL CONSIDER THE ISSUE OF VIOLATION OF THE RIGHTS OF BANKRUPT PARTICIPANTS BY THE SETTLEMENT AGREEMENT

In the framework of the bankruptcy case (No. A32-26161/19), the court approved a settlement agreement between the debtor and his creditors. In accordance with the agreement, the debtor undertook to repay the claims of part of the creditors at the expense of cash, and to repay the claims of the remaining part of the creditors — to transfer the object of unfinished ...

The court approved a settlement between Lefkadia Wines and the ex-owner

On August 7, 2024, the Kuban Arbitration Court (AS CC) legalized the settlement agreement concluded by Lefkadia Wines with the ex-owner of the company Mikhail ... ... company became the structure of a holding company managed by Nikolaev. The plant's debt to the RSHB reached 734 million rubles. The company declared its insolvency. But... ... Ministry of Economy and the Service Project company also opposed the completion of the bankruptcy of the company. The company owed them 2 million and 256 million rubles, respectively...

EXECUTIVE IMMUNITY EXTENDED TO MORTGAGE HOUSING OF A BANKRUPT

A citizen recognized as insolvent will keep the only housing that is in the mortgage. The relevant law was signed by Russian President Vladimir Putin. Due to changes in the law, a third party will be able to give the debtor a loan without interest to repay the mortgage. Earlier, this required first dealing with all the requirements included in the debtor's register. Also, a settlement agreement may be concluded between a citizen and a creditor whose claims are secured by a mortgage. This does not require the approval of other creditors. The new law will take effect 30 days after its official publication.

WHEN APPROVING A HOUSING AGREEMENT, THE INTERESTS OF THE BANK MUST BE TAKEN INTO ACCOUNT

As part of the bankruptcy case of a citizen (No. A68-9881/21), the debtor filed an application for exclusion from the bankruptcy estate of a single dwelling. The court of first instance terminated the proceedings on the dispute and approved a settlement agreement on the establishment of the order of priority of payments on the loan (the disputed apartment was purchased at the expense of credit funds). The bank filed a cassation appeal against the ruling, following consideration of the complaint,...

THE SUPREME COURT HAS DEALT WITH THE TIMING OF THE PRESENTATION OF THE WRIT OF EXECUTION FOR AN INDEFINITE SETTLEMENT

In 2015, the debtor and the recoverer entered into a settlement agreement, according to which the former assumed the obligation to transfer real estate objects to the recoverer without specifying the transfer period. He transferred one facility in 2016, after which he stopped fulfilling his obligations ...

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