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BULGARIAN GRAIN PRODUCERS FEAR BANKRUPTCY

Grain producers in Bulgaria may be bankrupt against the background of the current geopolitical situation. The yield in the country remains the same, but it is not known at what price grain will be sold in the current conditions. Publication bourgas.ru quotes the words of the representative of the National Association of Grain Producers of Bulgaria Or Prodanov. According to the expert, many farmers may be bankrupt against the background of a significant excess of supply over demand. According to...

A CONCRETE PLANT IN PENZA WENT BANKRUPT DUE TO A DEBT OF 10.2 MILLION RUBLES

The Ternovsky concrete plant officially became bankrupt. The company owes its four creditors more than 10.24 million rubles. There were quite a lot of attempts to declare the company insolvent, but in January the court introduced a monitoring procedure on the claim of the company "Kontur", filed in December last year. The amount of the claim was 456 thousand rubles. By its decision, the arbitration court entered bankruptcy proceedings at the plant. As reported in the case file, there...

PETROSTROY WAS OFFICIALLY DECLARED BANKRUPT

The Petrostroy company, whose bankruptcy was postponed several times to a later date, officially became bankrupt. The decision was made by the arbitration of St. Petersburg and the Leningrad region. The application for insolvency was filed by several shareholders of the company more than a year ago. Among the initiators were also several organizations and the regional committee of gosstroynadzor. However, the main beneficiary of the developer's bankruptcy is the regional government. The firm failed...

"NEW STREAM" DMITRY MAZUROV DECLARED BANKRUPT

The capital arbitration awarded JSC "Novy Potok" the status of a bankrupt. The company, which was previously part of Dmitry Mazurov's oil holding of the same name, has been under surveillance since November 2021 at the initiative of the Moscow tax authorities. The register of creditors' claims includes 76 million rubles in the second stage and 123 million rubles in the third. The firm was engaged in consulting activities in the field of management and commerce. Initially, the initiator...

BANKRUPTCY OVERTOOK THE VOYAGER DIGITAL CRYPTO-LENDER

The Voyager Digital crypto lender filed for bankruptcy, a week after suspending withdrawals, trading and deposits on its platform. This decision was forced, since the search for alternative solutions to financial problems proved fruitless. If the company has at its disposal from 1 to 10 billion USD, debt obligations to 100,000 creditors amounted to approximately an equal amount. It is worth noting that the bankruptcy application was filed in accordance with Part 11 of the Bankruptcy Code of the...

THE LARGEST ROUTE CARRIER IN RIGA IS GOING BANKRUPT

Riga's largest company engaged in intercity passenger transportation, on June 28, began the legal process of bankruptcy protection. The application for this was considered by the court of the Vidzeme suburb. Within the next two months, Rigas mikroautobusu satiksme (RMS) will have to submit to the court a plan of measures for protection against insolvency, agreed and approved by the company's creditors. There are 11 intra-city routes under the management of the organization. In particular, the company...

THE PORT OF YEYSK ASKED FOR BANKRUPTCY PROTECTION

JSC "Yeisk Seaport" (JSC "EMP") turned to the authorities for financial assistance and support. The organization managing the activities of the city-forming enterprise faced the threat of insolvency due to the suspension of maritime navigation caused by the beginning of the Russian military special operation in Ukraine. Information about the possible bankruptcy of one of the stevedores of the Azov Sea basin was published by Duma deputy Eduard Kuznetsov. The parliamentarian said...

Croatia’s largest shipyard goes bankrupt due to sanctions against VTB

Brodosplit Shipyard has begun preliminary bankruptcy proceedings. The firm applied to the Economic Court of Split on 27 April. As noted in a statement of management, the company did not have time to withdraw two loans issued by the Russian bank VTB. In 2022, Brodosplit will celebrate its 100th anniversary. The company emerged from the merger of several companies in the region, turning into a large Croatian shipyard. Until 2013, the government was the owner of the plant. Later, the company was...

Saratov accumulator battery manufacturer is being driven to bankruptcy again

The Saratov Plant of Independent Current Sources (ICS Plant LLC) turned out to be a candidate for bankruptcy again. At the end of March, the St. Petersburg company ‘Metallon’ tried to drive the company to bankruptcy due to a debt of almost 17.5 million rubles. A month and a half later, a similar application to the arbitration was received from the ‘Hirti’ economic society from Kazan. The amount of claims is 8.5 million rubles. The court has yet to consider the submitted claim. Experts suggest...

Supreme Court eliminated a problem of uncertainty in bankruptcy case

The Judicial Board for Economic Disputes of the Supreme Court of the Russian Federation had to deal with a dilemma related to the binding nature of court decisions encountered in bankruptcy cases. On April 20, 2022, the judges issued a ruling related to case No. А53-24369/2019. On July 15, 2019, employees of the Federal Tax Service of the Russian Federation initiated an insolvency case against “Mettrade” company. In August of the same year, the court passed a sentence on Mr. Mkrtchyan, who controlled...

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