RusBankrot
We know everything about bankruptcy
25/05/2026
Monday
THIS DAY IN HISTORY:
25 May 
1970 Africa's Liberation Day.
1970 Africa's Liberation Day.
1970 North Korea conducted an underground nuclear test.
1970 The independence of Jordan from England was declared.
1970 The independence of Jordan from England was declared.
25 May
1970 Africa's Liberation Day.
1970 Africa's Liberation Day.
1970 North Korea conducted an underground nuclear test.
1970 The independence of Jordan from England was declared.
1970 The independence of Jordan from England was declared.
THE COURT EXTENDED GOOGLE'S BANKRUPTCY PROCEDURE FOR ANOTHER SIX MONTHS
The Arbitration of the capital (AC GM) met the arbitration manager Valery Talyarovsky halfway. The term of bankruptcy proceedings against Google's Russian subsidiary has been extended by six months. The next report of the responsible person will be heard only towards the end of October.
The fact is that key competitive management activities have not yet been completed. The debtor's property has not yet been sold. The question of whether former company executives should be involved in the subsidiary remains unresolved.
During the trial, Google LLC received 14.9 billion rubles. Part of the money (199.2 million) was sent to ex-employees of the organization to pay off salary debts. The amount of Google's subsidiary's obligations to creditors included in the register amounted to 23.6 billion.
Even at the start of the current bankruptcy procedure in October 2023, accounts receivable were about 16.3 billion. Of these, a significant part (15.6 billion) was supposed to be recovered. Some debts (717 million) were declared uncollectible. About 2.3 billion were settled out of court – by agreement of the parties.
At the time of the introduction of the procedure, Google had several tens of thousands of counterparties, over 20 thousand debtors. The volume of obligations to partners was estimated at about 16.5 billion.
The initiator of the insolvency in June 2022 was Google itself. Already in September, the court recognized the statement as justified and introduced surveillance. The picture at that time was different: accounts receivable exceeded 27 billion, and debts to creditors amounted to about 18.7 billion.
The assets were not comparable to the debt burden – there were only 636 thousand in the accounts, fixed assets were pulled by 28.5 million, intangible assets – by 14 million, reserves – by 15.2 million. Other assets were at the level of 3.8 billion. At that time, the debt owed to staff exceeded 271 million, and taxes and fees – 85.7 million. Rosfinmonitoring intervened in the case.
By August 2023, the creditors, who owned 97.2% of all claims, called for the opening of bankruptcy proceedings. The largest of them were the tax authorities. The Federal Tax Service has filed claims for 19.57 billion.
In October 2023, the court officially declared Google insolvent, and approved Talyarovsky as the manager. At that time, there were 861 creditors on the register with a total claim of about 53.6 billion.
The company, which was incorporated back in 2005, has shown stable financial statements for a long time. However, 2021 was a turning point. With revenue of 134.3 billion, a net loss of 26 billion was made, the first in more than ten years.
The situation was fueled by pressure from domestic regulators. The corporation was required to comply with local laws – to remove prohibited content, store user data in the Russian Federation, and remove restrictions from domestic media. For violations, the company was fined more than 29 billion (the so-called turnover fines), some of which have already been forcibly recovered.
Photo: Freepik
The fact is that key competitive management activities have not yet been completed. The debtor's property has not yet been sold. The question of whether former company executives should be involved in the subsidiary remains unresolved.
During the trial, Google LLC received 14.9 billion rubles. Part of the money (199.2 million) was sent to ex-employees of the organization to pay off salary debts. The amount of Google's subsidiary's obligations to creditors included in the register amounted to 23.6 billion.
Even at the start of the current bankruptcy procedure in October 2023, accounts receivable were about 16.3 billion. Of these, a significant part (15.6 billion) was supposed to be recovered. Some debts (717 million) were declared uncollectible. About 2.3 billion were settled out of court – by agreement of the parties.
At the time of the introduction of the procedure, Google had several tens of thousands of counterparties, over 20 thousand debtors. The volume of obligations to partners was estimated at about 16.5 billion.
The initiator of the insolvency in June 2022 was Google itself. Already in September, the court recognized the statement as justified and introduced surveillance. The picture at that time was different: accounts receivable exceeded 27 billion, and debts to creditors amounted to about 18.7 billion.
The assets were not comparable to the debt burden – there were only 636 thousand in the accounts, fixed assets were pulled by 28.5 million, intangible assets – by 14 million, reserves – by 15.2 million. Other assets were at the level of 3.8 billion. At that time, the debt owed to staff exceeded 271 million, and taxes and fees – 85.7 million. Rosfinmonitoring intervened in the case.
By August 2023, the creditors, who owned 97.2% of all claims, called for the opening of bankruptcy proceedings. The largest of them were the tax authorities. The Federal Tax Service has filed claims for 19.57 billion.
In October 2023, the court officially declared Google insolvent, and approved Talyarovsky as the manager. At that time, there were 861 creditors on the register with a total claim of about 53.6 billion.
The company, which was incorporated back in 2005, has shown stable financial statements for a long time. However, 2021 was a turning point. With revenue of 134.3 billion, a net loss of 26 billion was made, the first in more than ten years.
The situation was fueled by pressure from domestic regulators. The corporation was required to comply with local laws – to remove prohibited content, store user data in the Russian Federation, and remove restrictions from domestic media. For violations, the company was fined more than 29 billion (the so-called turnover fines), some of which have already been forcibly recovered.
Photo: Freepik
04.05.2026
