FTS wants to adjust the main objectives of the bankruptcy procedure

February 8. FINMARKET.RU – The Tax Service, pursuing a consistent policy of digitalization of all processes under its control, has reached the institution of bankruptcy. The key problem is that the current regulation has lagged behind reality, deputy head of the Federal Tax Service Konstantin Chekmyshev said in an interview with Vedomosti. According to him, the procedures that were supposed to work for different types of insolvency turned out to be unclaimed or contradicted the main goal of bankruptcy – to break the deadlock of non-payment. “Over the past decade, only 0.2% of rehabilitation procedures have had an effect in the form of a real recovery – that is, only every 500th procedure,” he said. The FTS proposes to introduce a new one instead of these procedures – restructuring. In the course of bankruptcy proceedings, creditors now, as a rule, receive almost nothing. “Now, on average, 95% of the debt is written off.”

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