The Ministry of Construction decided to additionally protect the victims of shared construction

This is especially true for creditors.

It is better to protect the rights of those affected by the failed share construction, the amendments prepared by the Ministry of Construction of the Russian Federation to the federal laws on bankruptcy and on the shared construction of apartment buildings and other objects, prepared by the Ministry of Construction, are intended. As stated in the explanatory note, creditors who are not participants in the construction and may lose money in the bankruptcy of the developer need legal protection.

The document includes not only wealthy people among such creditors. Thus, the creditors of the second and subsequent stages are referred to, in particular, the employees of the developer who have not been paid their wages, as well as employees involved after the start of the bankruptcy procedure for contract work to complete the construction. As well as persons providing services, without which the normal conduct of bankruptcy and the safety of an unfinished object are impossible.

Since, according to the law, in case of failure of shared construction and bankruptcy of the developer, the land plot and the unfinished object are transferred to a public company, the bill gives the right to creditors to make financial claims against the fund in proportion to their contribution. The Fund will pay them funds as the implementation of unfinished projects.