COLLECTION OF DISTRESSED DEBTS OF INDIVIDUALS AND LEGAL ENTITIES

COLLECTION OF DISTRESSED DEBTS OF INDIVIDUALS AND LEGAL ENTITIES

Background

A PACKAGE OF THE BANK'S DISTRESSED DEBT transferred to a subsidiary for further collection/restructuring. The total amount of debt is more than 11.7 billion rubles, more than 55 borrowers and debtors in 10 regions

VARIOUS STAGES OF DEBT COLLECTION: from filing claims to bankruptcy proceedings

Task assigned

  • Debt collection from borrowers, guarantors, pledgers, obtaining or restoring control in bankruptcy procedures, return of funds, property, ensuring the safety of pledged assets and debtors' assets

  • Debt collection during enforcement proceedings

Methods of implementation

  • Initiation of judicial proceedings, obtaining control in bankruptcy procedures
  • Legal support for more than 60 bankruptcy procedures, 20 enforcement proceedings
  • Implementation of the bank's claim rights to third parties
  • Sale of the debtor's property at auction.
  • Foreclosure on pledged property by appropriation.
  • Asset management during a crisis.
  • Sale of assets to a profile investor.

Outcome

About 3 billion rubles were reclaimed