We were addressed by a sewing manufacturing enterprise to find the ways to cancel the excessive accounts payable. Due to objective economic reasons, caused by a rapid devaluation of the currency, the company became unable to cover its debts.
Parkulab and partners facilitated the development and implementation of a plan to restructure the company’s credit debt to the banks.
As a result of the legal work, the bankruptcy process and consequent negotiations with creditors, the company managed to accumulate funds and repurchase debts for 47% of denomination. It ensured the stabilization and recovery of the client’s business operations.