In a classical description the spacetime curvature inside a black hole
infinitely grows. In the domain where it reaches the Planckian value and
exceeds it the Einstein equations should be modified. In the absence of
reliable theory of quantum gravity it is instructive to consider simplified
models. We assume that a spacetime curvature is limited by some value (of the
order of the Planckian one). We use modified Vaidya metric, proposed by
Hayward, to describe the black hole evaporation process. In such a spacetime
the curvature near remains finite, it does not have an event horizon and
its apparent horizon is closed. If the initial mass of such a black hole' is much larger than the Planckian one its properties (as seen by an external observer) are practically the same as properties of the standard’ black hole
with the event horizon. We study outgoing null rays in the vicinity of the
outer apparent and introduce a notion of quasi-horizon. We demonstrate that
particles, trapped inside a `black hole’ during the evaporation process,
finally may return to external space after the evaporation is completed. We
also demonstrate that such quanta would have very large blue-shift. The absence
of the event horizon makes it possible restoration of the unitarity in
evaporating black holes.

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