A Russian personal-bankruptcy sale usually moves through a first auction, a repeat auction at a reduced opening price and then a public offer with scheduled price reductions. The approved sale rules govern the actual lot. Before applying, a bidder should review the notice, lot records, deposit amount and receipt deadline, asset restrictions and contract terms.
The sale rules come first
They define the lot, opening price, stages, reduction periods, deposit, payment and transfer deadlines.
The price follows published steps
A repeat auction normally starts 10% lower; a public offer uses pre-announced reduction periods.
The deposit is not the full price
It secures the application. Refund and forfeiture depend on the result and the winner’s conduct.
Quick self-check
- Open the Unified Bankruptcy Register notice and ETP card.
- Download the sale rules, draft contract and deposit agreement.
- Match the bank details, amount and deposit receipt deadline.
- Check title, registers, photographs, inspection and asset records.
- Budget for the full payment deadline and registration costs.
From Sale Rules to Admission
Under Article 213.26 of Federal Law No. 127-FZ, sale rules are prepared after the inventory and valuation of an individual’s assets. They must follow Articles 110, 111, 112 and 139, state the opening price and be disclosed in the Unified Bankruptcy Register after approval.
A bidder reviews the notice, registers on the electronic platform, signs documents electronically, transfers the deposit and submits an application. Admission depends on compliant documents and confirmed receipt of the deposit by the required time.
First and Repeat Auctions
The first stage is normally an open ascending auction. If it does not produce a completed contract in the statutory circumstances, a repeat auction follows. Article 110(18) sets its opening price 10% below the first-auction opening price.
Public Offer and Reduction Periods
After an unsuccessful repeat auction, the asset is offered through a public offer. The notice states the reduction amount and the duration of each period. If no compliant bid meets the current price, the price falls according to the disclosed schedule.
Where several bids arrive in one period, the higher compliant offer prevails; equal offers are ranked by earlier submission. Timing matters, but it does not cure a missing deposit or defective document.
Deposit, Winner and Contract
The deposit agreement and payment details accompany the auction documents. Sending a bank order may not prove timely receipt, so the bidder should allow for processing before the admission protocol.
The winner receives an offer to sign the sale contract. Refusal or evasion during the statutory five-day period may forfeit the deposit and may allow an offer to the next highest bidder. The balance is paid separately within the statutory and contractual period.
Lot Due Diligence
The buyer takes the asset in the legal and physical condition that must be investigated in advance. Check title, security, attachments, occupants, disputes, access, technical condition, transfer terms and registration costs.
- Register notice and ETP card;
- sale rules and amendments;
- valuation and title documents;
- draft contract and transfer deed;
- previous-stage protocols;
- inspection and actual possession.
| Stage | Price and winner | Main check |
|---|---|---|
| First auction | Opening price in approved rules; ascending bids | Application, deposit and restrictions |
| Repeat auction | Normally 10% lower opening price | Why the first stage did not produce a contract |
| Public offer | Scheduled reduction periods | Current period, floor and submission time |
| Winner | Best compliant offer; earliest equal offer | Protocol and application compliance |
| Contract | Signature after the winner receives the offer | Five-day signature period, payment and transfer |
Frequently Asked Questions
When is the deposit refunded?
A non-winning bidder receives a refund under the notice and agreement. The winner’s deposit is credited to the price and may be forfeited for evading the contract.
May an application be filed at the last minute?
The notice controls the deadline, but the bidder bears the risk of delayed signatures, uploads and deposit confirmation.
Why does a public-offer price not fall immediately?
Each price remains for its published period and falls only under the disclosed schedule if no qualifying bid appears.
Does a sole bidder always buy the asset?
No. The result depends on the stage, compliance and the applicable statutory and approved rules.
May an application be withdrawn?
Before the application deadline, Article 110 allows amendment or withdrawal under the platform process.
Official Sources
- Article 110 of Federal Law No. 127-FZ.
- Article 139 of Federal Law No. 127-FZ.
- Article 213.26 of Federal Law No. 127-FZ.
- Ministry of Economic Development Order No. 495.
Related guides: auction organiser, auction challenges and sale without an auction.
Need to Review a Particular Lot?
An initial consultation can review the sale rules, documents, restrictions and participation risks without promising an outcome.
BOOK AN INITIAL CONSULTATIONThis material is general information as at 28 August 2026. The applicable terms are set by law, the approved sale rules, the notice and electronic-platform documents.