The bankruptcy legislation is supplemented by a new procedure – debt restructuring of legal entities, the purpose of which is the restoration of the financial solvency of the debtor and the settlement of accounts with creditors. The amendments establish the procedure for carrying out the procedure and its legal consequences for the participants of the bankruptcy case.
Content of the procedure
Debt restructuring represents a rehabilitation procedure applied within the framework of cases of bankruptcy of legal entities. Its purpose is the restoration of the solvency of the debtor and the settlement of indebtedness before creditors in accordance with the approved restructuring plan.
The conducting of the procedure is entrusted to the anti-crisis manager, whom the arbitration court will approve.
The conducting of the procedure is entrusted to the anti-crisis manager, whom the arbitration court will approve.
Procedure for introduction
Restructuring is introduced on the basis of the application of the debtor, the bankruptcy creditor, or other persons authorized by law. The procedure for filing the application is identical to the procedure established for the application for recognizing the debtor as bankrupt.
The first meeting of creditors during the observation procedure has the right to initiate the introduction of restructuring.
Document: Federal Law of July 26, 2026 No. 253-FZ
The first meeting of creditors during the observation procedure has the right to initiate the introduction of restructuring.
Document: Federal Law of July 26, 2026 No. 253-FZ