February 17 Economic Court of the Vitebsk region in connection with the application for bankruptcy on Vitebsk JSC "KIM" appointed interim manager. For an entity applies a protective period.

At three months, the protection period of a temporary administrator "KIM" appointed Paul Zajac, who has served as head of the anti-crisis at a number of Grodno region, which went bankrupt.

Protective period encompassing the full (as opposed to condensed) bankruptcy. It is set by the court to verify the existence of grounds for initiating bankruptcy proceedings and safeguard the assets of the debtor. Begins guard period from the date of the bankruptcy petition for a period specified by the court and shall not exceed three months. During this period, the debtor's property is protected against penalties to satisfy creditors' claims.

As said Mr. Zajac, the responsibility of a court-appointed interim manager include the adoption of measures for safety of property of the debtor, the debtor's business analysis and testing grounds for initiating competitive conduct.

As part of the protection period Manager is not removed from office, but its powers are limited. All transactions are conducted in the head of the debtor protection period must be agreed with the temporary administrator.

In accordance with the Belarusian legislation compensation control within the protection period defined by law and is one basic amount for each calendar day, ie, for the three months he should get about 13.5 million rubles.

In 2013 JSC "KIM" during a visit to Vitebsk visited the then Prime Minister Mikhail Myasnikovich. At the request of another state enterprise support - providing new loans for modernization and restructuring of debt payments - the Prime Minister said that the company has tripled assisted, but the effect of these measures have not brought. "The enterprise as a living organism, can not exist forever. It must either upgrade or eliminated," - said Mikhail Myasnikovich during the discussion of the various options regarding the future fate of "KIM".

At JSC "KIM" as of 2013 employed 904 people, with 9% of all employees is the administrative apparatus. The salary of the director according to the SCC at the time ranged from 12 to 18.5 million rubles, while the average for the company to 2.99 million rubles. Payables in 2013 exceeded receivables 13 times. The company is constantly delayed payment of wages, because of what has repeatedly held short-term strike.

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