Pandemic and related restrictions negative have affected many industries in the Russian economy. To prevent mass bankruptcies of strategically important and systemically important companies, the authorities even introduced a moratorium on initiating bankruptcy proceedings against them. However, this restriction has affected Not all of them, so many company owners were faced with the question of whether to sell the business or become bankrupt?
What is the input?
A moratorium on bankruptcy was introduced in order to reduce the negative impact of the pandemic on Russia. economies. This temporary ban aims to the debtor had time to improve his financial situation and restore the solvency of the organization. According to the Decree of the Government of the Russian Federation from 03.04.2020 № 428, the moratorium applies to backbone organizations and strategic enterprises, including Russia's largest public and non-public companies, and operates for the following periods 6 months. At the same time, the possibility of spreading the moratorium per company is determined by the code of its main activity as of March 1, 2020.
What will it take?
It is difficult to assess the effectiveness of the moratorium as yet, because The consequences of this measure will only be visible in the long term perspective. At the same time, we can already say that the ban on bankruptcy will not help restore solvency organizations that are in a pre-bankruptcy state. In other words, to stabilize the financial situation Need certain resources that the company may not have. Many counterparties may terminate their financial and economic relations with such players without wanting to lend to hopeless business.
. Moreover, an increase in the insolvency of such companies may trigger a chain reaction and become a threat to the bankruptcy of currently more stable organizations. At the same time, in the first half of 2020 the number of such companies increased as follows bankruptcy decisions, as well as the applications themselves with respect to natural persons and individual entrepreneurs. Of course, there are also positive consequences. moratoria. Thus, there is definitely less panic among business owners, which contributes to making more balanced and effective managerial decisions. Also for many organizations with a more stable economic situation, the moratorium will provide an opportunity to get out of the difficult economic situation: there is time to develop a strategy and schedule of repayment of accounts payable, the conclusion of peace agreements and other measures aimed at maintaining financial and economic relations with priority counterparties..
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