738.5 million rubles of debt to Machachkalavodokanal is sold for... 15 million.
This is no longer an assumption - it is almost an admission that no one expects to see money.
The bankruptcy trustee of the Chistaya Voda United State Enterprise has put up for auction the right of action against Makhachkalavoduknal for 738.5 million rubles.
Starting price - 15.03 million. Only 2% of the debt amount.
How bad must a debt of almost a billion be to be valued at less than the cost of one apartment, forgive me?
And the debtor does not only experience temporary financial difficulties.
In November 2025, Makhachkalavoduknal estimated its own liabilities at about 3.8 billion rubles and announced its intention to file for bankruptcy.
It turns out to be an interesting picture: a bankrupt selling a debt to another potential bankrupt.
One tries to return at least something to the creditors, the other does not know how to pay.
Well in Dagestan, it seems, they have already learned how to turn multi-million dollar service obligations into assets of almost symbolic value.
It remains to be seen who will ultimately be responsible for this financial disaster.