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The court named the reasons for the decrease in bankruptcy trustee’s remuneration

The Arbitration Court of the Moscow District considered the case on the complaint of the creditor, from whom the lower courts recovered the bankruptcy trustee’s remuneration. The applicant disagreed with this state of affairs and challenged the decisions, which the district considered premature. The question concerned a bankruptcy case of a debtor, in the course of which the trustee first asked the court to discontinue the proceedings, citing insufficient funds, and then demanded that the applicant in the bankruptcy process pay remuneration for the work done in his favor. When considering ...

Modified: 10.25.2021
bankruptcy commissioner , remuneration , court , company bankruptcy , debtor , creditor , bankruptcy
Path: РусБанкрот - СМИ

The court recovered remuneration for a bankruptcy trustee from the Central Bank of Russia

The Arbitration Court of the Urals District considered the case on the complaint of the trustee, who did not receive part of the remuneration due to him. The anti-crisis manager honestly carried out the bankruptcy proceedings, but received only a part of payment for his services: the debtor simply ran out of funds. Then the trustee applied to court to recover the missing amount from the Central Bank, since the regulator initiated the bankruptcy proceedings and was the controlling body in relation to the debtor. The courts of the ...

Modified: 09.28.2021
district court , bankruptcy trustee , remuneration , central bank , debtor , company bankruptcy , bankruptcy
Path: РусБанкрот - СМИ

Supreme Court of Russia resolved the issue of remuneration between bankruptcy trustees

The Economic Board of the Supreme Court of Russia considered the case on the complaint of a trustee, whose claim was rejected by the lower courts, which cited the expiration of the statute of limitations. The trustee wanted to receive a portion of the remuneration that he believed was due to him as a part of the debtor's bankruptcy case. The applicant had worked as a bankruptcy trustee for eight months, after which he was replaced by another person. Then, in the course of the insolvency procedure, the pledged property was sold, and the second trustee received ...

Modified: 09.22.2021
Supreme Court of Russia , debtor , bankruptcy , court ruling , bankruptcy commissioner , remuneration , statute of limits
Path: РусБанкрот - СМИ
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