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What should bankruptcy trustee do after the sale of collateral

... positions that are set out in the first three paragraphs, when considering other cases of insolvency of legal entities, is possible only from the moment of the official publication of the rulings of the Supreme Court of the Russian Federation containing clarifications. Thus, the positions of the Supreme Court of Russia do not have retroactive effect and cannot be applied before the date of their official publication. In a situation where, in the course of bankruptcy proceedings, funds from the sale of property are distributed without taking into account the points listed above, the manager is obliged to offer creditors to return excessively received funds to the bankruptcy estate. If the creditors refuse, the anti-crisis manager has the right ...

Modified: 03.04.2022
auction , sale of property , pledged property , arbitration manager , clarifications , bankruptcy
Path: РусБанкрот - СМИ
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