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RBC: two bashkir agricultural enterprises face bankruptcy

RBC: two bashkir agricultural enterprises face bankruptcy

The expert believes that the fact that the bank has filed applications for declaring debtors bankrupt indicates a failure to fulfill their obligations for more than three months, which gives reason to make an assumption about their poor financial situation. Islam Gadzhiev noted that the likely outcome would be the introduction of the monitoring stage and an interim manager has been appointed, who is obliged to analyze the financial condition of the debtor and find ways to restore its solvency in the near future. In addition, the expert recalled that the filing of a bankruptcy petition by a credit institution does not preclude the possibility of further conciliation proceedings.

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