Vedomosti: in January – July, the debtor has repaid more than 20 billion debt

MOSCOW, August 22. /TASS/. The debtor company due to the tightening of bankruptcy procedure and responsibility for debts try to repay the debt or enter into a settlement agreement before the bankruptcy. In order to avoid this procedure, they had already repaid debt of more than 20 billion roubles in January – July. About this newspaper “Vedomosti” with reference to the representative of Federal tax service (FNS).

According to officials, conclusion of amicable agreements up to the beginning of the bankruptcy procedure also has an advantage over debtors: “3 billion roubles debtors have paid in January – July this year, concluding a settlement agreement with FNS; this is 1.5 times more than in the same period of 2017. For the entire 2017 budget was 4.2 billion from these agreements”.

Previously, the Ministry offered jointly with the Finance Ministry and Tax service to develop a draft Federal law aimed at improvement of the mechanism of elimination and expansion of rehabilitation experiencing temporary difficulties of debtors-legal entities. The document was planned to prepare by June 2019.

As the expected result in the materials of economic development indicated the creation of “additional instrumentation to the debtor, creditors, the court, in order to ensure more effective elimination of non-viable debtors, and the application of the debt restructuring to rescue experiencing temporary difficulties of debtors-legal entities.