The entrepreneur can avoid subsidiary liability or reduce its size if it proves when an objective bankruptcy occurred. Alina Manina's (Deputy Managing Partner) publication for the business journal "Economy and Life".
The management and the beneficiaries have a real chance to free themselves from subsidiary liability for failure to file a bankruptcy petition or reduce its size. It is only necessary to prove that the objective bankruptcy did not come, and the head conscientiously implemented an economically sound plan to overcome financial difficulties, or came later than the applicant claims. For information on how to determine the moment of objective bankruptcy and prove the good faith of the actions of a manager, in order to avoid secondary liability, read the material.