Court appointment
Authority in a particular case begins with a court order.
Procedure-specific role
The title and statutory functions change with the bankruptcy stage.
Personal responsibility
Statutory powers cannot simply be delegated to another person.
The Administrator’s Role in Corporate Bankruptcy
The administrator gathers and verifies information on the company’s assets and liabilities, maintains statutory registers and disclosures, organises creditor meetings and reports to the court. Powers change with the procedure, while professional independence and the duty to act in good faith remain throughout.
Types of insolvency administrator
| Procedure | Title | Core function |
|---|---|---|
| Supervision | Interim administrator | Financial review, asset preservation and first creditors’ meeting |
| Financial rehabilitation | Administrative administrator | Monitoring the debt repayment schedule and the debtor’s operations |
| External administration | External administrator | Implementing a plan to restore solvency |
| Liquidation | Liquidation administrator | Collecting and selling the estate and distributing proceeds |
| Individual bankruptcy | Financial administrator | Reviewing assets and transactions and administering restructuring or realisation |
Rights and duties
Article 20.3 of Insolvency Law No. 127‑FZ permits the administrator to convene creditors’ meetings, apply to the court, obtain information about the debtor and engage specialists within statutory limits. Duties include protecting assets, reviewing the debtor’s finances, maintaining required records and publishing mandatory notices.
The exact work depends on the procedure. A liquidation administrator inventories the debtor’s assets and pursues receivables. A financial administrator in an individual case operates under the special rules of Chapter X.
Appointment process
- The application or creditors’ decision identifies an SRO or, where permitted, a candidate.
- The SRO submits a candidate and compliance information.
- The court checks independence, eligibility and any case-specific requirements.
- A court order appoints the administrator and states the fixed remuneration.
- The administrator then performs the functions of that procedure.
Working with the administrator in a case
Review court orders, Fedresurs notices, reports, meeting minutes and claims-register documents. A useful business request identifies the case number, relevant period and required document, which helps the administrator provide a precise response and keeps the procedure transparent.
To verify professional status and membership, see the guide to insolvency-practitioner SROs. Conduct in a specific case should be assessed against court orders, reports, creditor-meeting minutes and EFRSB notices.
Frequently asked questions
Are an insolvency administrator and a liquidation administrator the same?
A liquidation administrator is one procedure-specific form of insolvency administrator.
Who pays the remuneration?
The sources and method are governed by Article 20.6 and depend on the procedure and available estate.
Can the administrator delegate powers to an assistant?
No. Statutory authority cannot be transferred, although specialists may be engaged within legal limits.
Who supervises the administrator?
The administrator is an independent regulated professional, belongs to an SRO and is appointed by the court.
Where can an appointment be verified?
Check the arbitrazh case file, the appointment order and the mandatory Fedresurs notices.
Official legal sources
Need a case-specific review?
We can examine the court orders, reports and actual conduct in the relevant bankruptcy procedure.
Initial consultation