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THE COURTS HAVE NO RIGHT TO ARBITRARILY REDUCE THE REMUNERATION OF THE MANAGER

... setting a percentage fee of 0.44% of the proceeds from the sale of the debtor's property. The district court sent the dispute for a new consideration and noted that the arguments of the financial manager that the courts did not assess that the financial manager had carried out a set of measures aimed at forming the bankruptcy estate and selling the debtor's property in order to obtain the maximum amount of revenue that can be used to repay creditors' claims deserve attention. The arguments of the financial manager that the courts did not investigate the circumstances ...

THE SUPREME COURT REJECTED A $10 MILLION LAWSUIT AGAINST THE BANKRUPTCY TRUSTEE

The insurance company appealed to the court (case no. A40-81332/22) with a claim for recovery of funds from the manager by way of recourse, referring to the fact that in the framework of the debtor's bankruptcy case, losses were recovered from the manager for violating the procedure for settlements on utility bills, and the insurance company paid funds to compensate for these losses, on the basis of a liability insurance contract. The courts of three instances satisfied the claim, pointing ...

THE SLUGGISH MANAGER GOT INTO LOSSES

The courts of the West Siberian Arbitration District considered a dispute on the recognition of the manager's inaction as illegal and the recovery of losses from him (case no. A45-19150/15). The creditor's secured claim was included in the register, the collateral items were sold at auction, but the manager did not transfer the money owed to the creditor ...

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