In order to get the funds necessary to eliminate the wage arrears, eleven buildings owned by Baranchinskiy Electromechanical Plant have been arrested. After this property has been assessed by the experts, the assets are to be sold out and the money used to pay off the enterprise’s debt (the wages first of all), the spokesperson for Sverdlovsk Region’s division of the Federal Court Officers Service reports.

What is more, the company’s assets deposited at the banks and other financial organizations have been limited in that the plant cannot spend any of it at will, so these funds will be used for paying off the plant’s debt as well.

In the meantime, Kushvinskiy division of the Court Officers Service was processing over 475 delayed wages-related claims (worth more than 11 million RUR altogether) throughout April 2009. Some of these debts were actually paid. By early May, however, the officers of the court had instituted another 700 suits to make the company pay its workers.

The wage debt totaled to 15.62 million RUR, with 322 enforcement proceedings worth 7.62 RUR fully carried out and implemented by mid-May.