Companies can avoid bankruptcy?

Legislation Rules igry21-09-2009 the company will help to avoid bankruptcy? Russian State Duma passed the first reading of the bill, under which companies will cover losses due to additional shares, and set off in return for capital creditors. Reported by the Federal Financial Markets Service, which has initiated amendments to the legislation. The bill is a reaction to the continued growth of payables and arrears in the different sectors of Russian economy. According to the Federal State Statistics Service, in the first half of payables companies increased by 9,7% and amounted to 14.65 trillion rubles., Arrears rose by 19% - up to 1.079 billion rubles. Without taking into account debts to the budget. Under the new amendment will be repealed restrictions on volumes of securities related to the size of the share capital. Joint-stock companies will be able to pay its debts by arranging an additional issue for the benefit of creditors, or to issue bonds, which can be converted into shares. The new rules will apply to companies with credit ratings or included in the quotation list of the Russian stock exchanges. At this point, the company can not issue bonds in an amount that exceeds the share capital and providing a third party. In addition, debts can be paid only in cash and property.