The largest fish processing plant in the region "ROK–1" has launched bankruptcy proceedings

"The total amount of penalties from JSC “ROK-1” has recently amounted to 17 million rubles. Given the billions of turnover of the company, we can conclude that this debt is not critical and can be repaid by the debtor. However, Sberbank and UniCredit Bank also filed for bankruptcy, which means that the debtor has obligations for much larger amounts. Probably, these banks will determine the future of the enterprise in the monitoring procedure."

The company itself confirmed that 2022 became unprofitable, but did not specify the amount of losses. "In such a situation, creditors will be able to get satisfaction only at the expense of fixed assets," Karina Sidorova predicts. “Based on the Casebook information, the fixed assets are pledged to Sberbank. I would recommend that creditors try to give the company another chance and include rehabilitation procedures, if such suggestions come from the debtor's managers. Of course, subject to the consent of the collateral creditor. Otherwise, it is unlikely that creditors will receive significant satisfaction of claims," says Karina Sidorova.

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