The growth of corporate bankruptcies is expected in Russia
Pre-bankruptcy audit can be an effective tool to get out of a difficult situation. First of all, it is aimed at helping persons controlling the debtor - top management, majority member, beneficiary, etc.
Despite the fact that a number of experts believe that pre-bankruptcy audit is gaining popularity in the business environment, not all experts support this point of view.
"Colleagues, who talk about the growth of services in the field of pre-bankruptcy audit, dissemble a bit. That is, the audit is called pre-bankruptcy, but it is done as a part of an ongoing bankruptcy process. As usual, everything is not what it seems," says Karina Sidorova, Head of Crisis Management and Bankruptcy Practice at Duvernoix Legal.