March 20, 2013. Sverdlovsk Region Arbitration Court processed Severouralsk Construction Administration’s bankruptcy case in the course of an open hearing.

An insolvency application was placed with the court by the creditor in bankruptcy proceedings Instrument-Making Plant on March 29, 2012. On November 2, 2021, the court ruled that Severouralsk Construction Administration should undergo bankruptcy proceedings. Dmitri Lazarev of Moscow Self-Regulatory Organizations of Professional Trustees in Bankruptcy Non-Profit Partnership was appointed the company’s trustee in bankruptcy.

According to the provisional trustee’s report, Severouralsk Construction Administration is insolvent, extremely unstable in financial terms, and, moreover, the debtor has no possibility of paying off its debts. The short-term accounts receivable amounted to 85,179,000 RUR on October 1, 2 012. There are no grounds to suspect that the company had planned any sort of premeditated bankruptcy.

During the bankruptcy proceedings, Arbitration Court ruled that the creditors and the authorized body’s claims worth a total of 296,860,006.52 RUR would be classed as third-priority debts. No first- or second-priority creditors have been actually designated.