BBNP provides assistance in debt collection in accordance with bankruptcy laws including bankruptcy initiation and conducting all necessary procedures.
How does the creditor benefit from bankruptcy?
- bankruptcy procedure is often the only effective option to recover debts from “dying” businesses;
- it is a possibility for the creditor to purchase debtor’s property at the price much lower than the market value;
- it is a possibility for the creditor to purchase debtor’s property at the price higher than the market value with immediate return of invested assets through direct carrying unscheduled payments;
- it is a possibility to legally write off debts from a debtor company as unreal to collecting, and as a result – economies on income tax payments;
- it is a possibility to legally substitute a debtor company’s directorship
How does the debtor benefit from bankruptcy?
- it is a possibility for the debtor to discharge its debts with a sensible discount;
- it is a possibility for the debtor to change the directorship and the owner of a company;
- it is a possibility for the debtor to legally execute “alternative privatization” of state-owned property;
- it is a possibility for the debtor to “clear” his company from debts;
- it is a possibility for the debtor to come to agreement with minority shareholders;
- it is a possibility for the debtor to avoid criminal prosecution for tax avoidance or premeditated bankruptcy;
- it is the only possibility for the debtor to legally liquidate a company with debts.
B&P is experienced both in implementation of bankruptcy procedures in various regions of Russia and in cooperating with major credit companies and other commercial organizations. We base our activity on long-lasting partnership relations with self-regulating organizations of arbitration managers in various regions, which allows us to involve a wide network of representative offices and partners on the whole territory of Russian Federation.
We provide the following services:
- Initiation of bankruptcy procedure, preparation of all necessary documents and filing for bankruptcy;
- Overall support of bankruptcy procedure, individual selection of arbitration manager and control of his activity;
- Replacement of committed (oppositional) arbitration manager, appointment of new qualified arbitration manager;
- Determination of the amount of indebtedness, as well as the order and priority of its amortization;
- Representation and support of debtors in case of insignificant amount of indebtedness in current procedures as well as in other complex cases;
- Designing and realization of project’s financial structure for the purpose of lowering customer’s costs for purchasing the necessary property;
- Organization and carrying out of property assets valuation and subsequent auctions including legal support of its results.
