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Assignment of Claims in Russian Bankruptcy: Replacing the Creditor

Short answerAn assignment replaces the creditor but does not improve the claim or erase the debtor’s defences. After an established bankruptcy claim is assigned, the assignee applies to the commercial court for procedural succession, and the register is updated on the court order. Due diligence must cover origin, priority, security, partial payment and assignment restrictions.
01

Only existing rights transfer

The assignee receives the claim with its existing scope and weaknesses.

02

Contract and register differ

Substantive transfer does not replace court-ordered procedural succession.

03

Price differs from face value

Economic value depends on priority, estate assets, disputes and security.

Pre-transaction review

ItemEvidenceRisk
Claim existenceContract, acts, payments and court orderDebt ended, fell or belongs to another party
Bankruptcy statusCourt order, register and EFRSBLate, subordinated or disputed filing
Transferred scopeAssignment and schedulesInterest, security or costs excluded
Debtor defencesCorrespondence and reconciliationSet-off, limitation or performance defects

Civil Code Articles 382 and 384 transfer a claim in the scope and on the terms existing at the transfer date, including related rights unless otherwise provided. The assignor generally warrants validity, not the bankrupt debtor’s ability to pay.

Assignment is not debt transfer. Assignment changes the creditor. Replacing the debtor is governed by separate rules and normally requires creditor consent.

Post-signing workflow

Receive the full file

Obtain contracts, primary records, judgments, calculations and performance history.

Notify relevant parties

Keep delivery evidence; payment to the former creditor before proper notice may remain effective.

Apply for succession

Attach the assignment, chain of title, authority evidence and material payment records.

Verify the register

After the order, check creditor name, amount, priority, security and voting rights.

Claim not yet determined

The assignee may continue the original application but takes the case as it stands. Earlier procedural acts remain binding. Buying the claim does not extend filing deadlines or cure missing evidence.

Documents

  • assignment agreement and exact claim description;
  • assignor authority and complete assignment chain;
  • underlying contract, acts, deliveries and payments;
  • court order determining the claim;
  • debtor notice and delivery evidence;
  • balance calculation and partial-payment history.

FAQ

Is debtor consent required?

Generally no unless statute, contract or the claim’s nature provides otherwise; proper notice remains important.

Does security transfer?

Related security generally follows the claim, but existence, registration and scope require separate review.

Can the price be below face value?

Yes. The agreed price does not itself change the claim amount against the debtor.

Is sending the contract to the register keeper enough?

No. Creditor replacement in judicial bankruptcy requires a court order on procedural succession.

Official sources

Related guides: creditor-register filing, current claims and restitution.

Need to review a claim and replace the creditor?

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