Statistics from past years show that many business owners are paying close attention to the problem of restructuring their companies' debts. This is one of the effective tools for financial recovery of the enterprise, but we must remain realistic.
The current economic situation in the country does not contribute to a positive resolution of the problems with accumulated debt for many companies, which are having a hard time fulfilling their own obligations on existing loans. Of course, in such cases, there is no talk of production growth. It is important to be able to preserve a business that was built from scratch.
Pre-trial methods of financial recovery
Restructuring is aimed at overseas chinese in worldwide data taking active steps to help achieve mutually beneficial agreements between partners to settle debt obligations before going to court. It is possible that this process may lead to bankruptcy.
During the restructuring process, several successive transactions are concluded between the enterprise, its creditors and debtors. Their essence may consist of:
providing deferrals and installment plans for payments, converting short-term obligations into long-term ones;
sale of debt obligations;
provision of compensation;
conducting offsetting of mutual payment claims;
replacement of one obligation with another (novation).
In the event that a debt obligation arises before the budget, any issues regarding taxes, fees, penalties and fines are resolved exclusively in compliance with the requirements provided for by the Tax Code of the Russian Federation.
Now it is worthwhile to cover in more detail each of the indicated stages and methods of financial recovery of the enterprise.