More than half of the bankruptcies in the Vitebsk region in 2010 were initiated by the debtor companies themselves

January 31, Vitebsk / Sergei Kochetov - BELTA /. The number of applications for economic insolvency (bankruptcy) received by the economic court of the Vitebsk region in 2010 decreased by 2% compared to 2009, amounting to 176. This was reported to a BELTA correspondent by Olga Kibisova, head of the court's judicial practice department. A total of 114 applications were accepted for proceedings, including one application for the recognition of the state enterprise "Tolochnaya Textile Factory" as economically insolvent. Of the total number of accepted applications, creditors initiated bankruptcy proceedings in approximately 45% of cases, with the remaining applications filed by the debtor enterprises themselves. Among the creditors, the tax inspectorates showed the greatest activity, with over 10 proceedings initiated based on their applications in this category of cases. As of January 1, 2011, 120 cases of economic insolvency (bankruptcy) were under proceedings in the economic court, of which 10 were initiated against state-owned enterprises or those with a share of state ownership. The vast majority of bankruptcy cases were considered against private enterprises (over 70% of the total number of cases in this category), and almost another 21% of cases were against individual entrepreneurs. Liquidation proceedings have been initiated against 32 enterprises and individual entrepreneurs, including the state enterprise "Vitebsk Mechanical Plant". Liquidation proceedings have been opened against 76 business entities, of which about 90% are private enterprises and individual entrepreneurs. By court decision, 9 state-owned enterprises and those with a share of state ownership have been declared bankrupt and are subject to liquidation. The liquidation procedure is being carried out by OJSC "Vitebsk Beer", OJSC "Orsha Brewery", OJSC "Disna Cannery", RUPP "Megom", UDP "Postavy Cannery", communal agricultural enterprise "Liozno", communal production enterprise "Tolochnaya Textile Factory", communal unitary specialized repair and technical enterprise "Medic", KUPP "Vitteks". -0-