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MODUS AUTO DEALERS FROM LIPETSK WENT BANKRUPT WITH 3.5 BILLION RUBLES DEBTS

... Vozrozhdenie Bank. The first bankruptcies were filed by the Voronezh companies Modus-VN and Modus-Premium in July 2020 with debts of 2.48 billion and 2.09 billion rubles, respectively. Earlier, SBK Geofizika had filed insolvency claims against regional car dealers in Lipetsk, Novorossiysk and Krasnodar. Real estate companies (Krasnodar-Realty and Stark Establishment) also turned out to be defendants. This time, two Lipetsk companies with debts of 1.5 billion and 2 billion rubles filed for bankruptcy. They also acted as guarantors for loans from other companies within the Modus chain. The observation procedure was introduced back on December 28, 2019. As a result, the court concluded that the financial condition of both organizations engaged ...

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