Khodrocar - Reassessment is cited as one of the ways for motorists to get out of bankruptcy and reduce their losses, while regulations indicate that it may still be harmful to auto makers, but what is certain It will be easier for automakers to get banking facilities.
According to the law, companies which are not lose can have revaluation in any 5 years but automakers had permission to do this revaluation.
In this situation the question is what will happen to the automakers after the revaluation?
"According to the budget bill there is no limit to re-evaluating the end of the year and if not, it should be foreseen in next year's budget bill.” Homayon Darabi, expert of stock market told khodrocar reporter.
"Under the bill, any company that is not a loser can revaluate every five years.” He added. "Reassessment has nothing to do with the cause, and it is possible that after the reassessment, operations will continue to be harmful, just as heavy-duty automakers did.”
"The reassessment has no effect on the loss of the company but improves the financial statements of automakers so that automakers can obtain banking facilities.” He added.
"Bankruptcy is a legal word that has a defined meaning and cannot easily be filed for corporate bankruptcy. But they are badly damaged and have heavy debt.” He said.
These statements indicate that automakers should not expect to be excluded from the scope of Article 5 of the Bankruptcy Code on the basis of a reassessment because this will only facilitate the conditions for banks to obtain their facilities. However, with the increasing loss of auto makers, banking facilities will not help them much.