creditors have been satisfied with all requests;
the claims of the creditors were found to be unfounded;
The creditors voluntarily renounced all claims and requests.
It is necessary to understand overseas chinese in worldwide data the key points, goals and specifics of enterprise recovery. The procedures are divided into active and passive. Everything depends on what exactly the bankruptcy trustee does.
If we are talking about financial recovery (in the narrow sense), then this is a passive bankruptcy procedure. The bankruptcy trustee must control the timely payment of funds by the debtor. At the same time, the active role is assigned to the company - its management and shareholders. They are obliged to restore the solvency of the company in order to avoid its complete liquidation.
Managing the financial recovery of an enterprise is not without difficulties. It can be difficult to persuade creditors to introduce this procedure without providing them with guarantees of clear repayment according to the established schedule. Without demonstration of such obligations, this is perceived as another delay in debt closure.
Nuances of applying the financial recovery procedure
It is necessary to create a clear plan for financial recovery. It must be presented with the debtor's appeal to the first meeting of creditors. The plan is developed in the absence of security for debt repayment in accordance with the schedule. The document must contain justification for the possibility of satisfying creditors' claims in accordance with the deadlines. There are no more detailed instructions for drawing up a plan, which allows not to limit the debtor in developing measures to get out of the crisis situation.