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Advice and development of a crisis response plan, which became the basis for reducing debt burden and mitigating subsequent bankruptcy risks for the group of companies
During the advisory stage, pre-bankruptcy compliance was carried out and a crisis response plan was prepared with liabilities exceeding RUB 8.5 billion
Development of the crisis response plan made it possible to identify an additional source of financing and reduce accounts receivable. This reduced the liabilities to creditors and eliminated the cash flow gap and bankruptcy risks
Denis Sablukov
Head of bankruptcy practice. Candidate of Legal Sciences
CASE OUTCOME:
The Bankruptcy Practice team advised a major Russian car dealer on potential bankruptcy risks
Practices
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