Reorganization repays debts - Vranje-based footwear producer Sanch to stand on its feet in late March

Footwear plant Sanch from Vranje by the end of March opt for one of the solutions for debts reprogramming, process reorganizations, production processes and to “stand on its feet” okradio.rs.

According to Srdjana Dejkovic, owner and GM at Sanch, all those to whom the company owns will be included in the prepack plan and debt repayment program.

Based on that, prepack plan the company will continue to implement has been generated.

The plan implies that suppliers, banks and tax directorate provide grace period of two years and that they are not paid anything and that in the meantime, remaining salaries are paid to the staff as soon as possible as well as that they start with debt repayment to trustees.