CREDITOR DEBTS PRE-TRIAL SETTLEMENT BY PARTICIPANTS OF FINANCIAL AND CREDIT RELATIONS: IMPROVEMENT MECHANISMS

Abstract

If a borrower who is in the state of insolvency performs his obligations under loan agreements, cases of challenging the debtor’s transactions may arise. It is expedient to use in Russia international experience of informal financial recovery for pre-trial financial rehabilitation of debtors. The rehabilitation includes three steps: continuous monitoring of the borrowers’ financial state by regional councils of directors and the court (or only by creditors); development and signing of rehabilitation plan and peaceful agreement; control over performance of the agreement by the
debtor. Anti-crisis management expert’s services may be helpful.