Restructuring and bankruptcy

Legal Studio specialists carried out legal support for bankruptcy of legal entity – a developer, as a result of which legal entity managed to be liquidated without the head and participants of the company being involved in the subsidiary responcibility

By 12.11.2018 No Comments

The legal entity had a high volume of payables in the form of debt on lease payments for the use of land plots due to the City Property Management Committee of St. Petersburg (more than 350 million rubles). In confirmation of the size of the debt, KUGI of St. Petersburg presented writs of execution, some of which had never been submitted for execution. In addition, the Lender presented the decisions of the arbitration court on the collection of money from the Debtor, for which the writ of execution had not been received.

Thanks to the painstaking analysis of the current legislation and the submitted documents, the experts of our firm managed to reduce the amount of accounts payable from to 267 million rubles. The bankruptcy procedure for the Client was successfully completed.