Creditor distributions in Russian corporate liquidation proceedings follow the claims register and statutory priority, not an ordinary payment-demand date. Current claims are addressed under Article 134 before register distributions, secured proceeds follow special rules and an insufficient amount within one rank is distributed proportionally.
Classify the claim first
Current, registered, secured and late claims have different payment sources and routes.
Ranks cannot be reordered
A later register rank is paid after the preceding rank, subject to express statutory exceptions.
Every distribution needs records
The register, bank statement, proportional calculation and creditor notice should reconstruct the movement of funds.
Quick self-check before you act
- Classify the claim first: Current, registered, secured and late claims have different payment sources and routes.
- Ranks cannot be reordered: A later register rank is paid after the preceding rank, subject to express statutory exceptions.
- Every distribution needs records: The register, bank statement, proportional calculation and creditor notice should reconstruct the movement of funds.
Pre-Distribution Review
Before distribution, reconcile the estate, main account, outstanding current claims, claims register, court orders, secured proceeds and necessary procedure costs. Registered claim amounts are established under Article 100 and distributions follow the register.
Current Claims and Register Ranks
Post-filing current obligations remain outside the register and are paid under Article 134. Each register rank receives payment after full satisfaction of the preceding rank. The correct rank depends on the nature of the claim, the court order and Articles 134–137.
Proportional Distribution Within a Rank
If available funds cannot satisfy every creditor in a rank, they are distributed proportionally to the registered amounts unless a special provision applies. The record should state each claim, available funds, the common distribution ratio and the actual payment.
A secured creditor is paid from collateral proceeds under Article 138, so that revenue should not be mechanically pooled with unrestricted estate money.
Register Closure, Late Claims and Notarial Deposit
The register closes two months after publication of the bankruptcy and liquidation judgment. Since 2024, a claim is treated as timely if the commercial court restores the period on application for valid reasons. A late claim without restoration is generally paid after timely registered claims, subject to statutory exceptions.
If payment to the creditor’s account or deposit is impossible, the amount is placed in a notary’s deposit at the debtor’s location and the creditor is notified. Money unclaimed for three years is transferred by the notary to the federal budget.
Documenting Distributions and Completion
- reconcile the register and court orders;
- separate current and secured payments;
- identify funds available to the rank;
- calculate a common ratio if funds are insufficient;
- pay from the main account;
- use a notarial deposit where transfer is impossible;
- record payments in the report and register.
After liquidation measures are complete, the result report and application are submitted under Article 149. The court decides completion or, in the statutory full-payment case, termination of the proceedings.
| Category | Payment point | Core check |
|---|---|---|
| Current claims | Before register distribution under Article 134 | Accrual date and current-claim rank |
| Register rank | After the preceding rank is fully paid | Court order and register entry |
| Insufficient funds within rank | Proportional distribution | Common base and ratio |
| Secured creditor | From collateral proceeds | Article 138 allocation |
| Bank transfer impossible | Notarial deposit | Details, notice and retention period |
Frequently Asked Questions
May one creditor be paid before peers?
Only if the claim has a legally higher priority or another express statutory basis. Arbitrary selection within one rank is not permitted.
How is the proportion calculated?
Funds available to the rank are allocated in proportion to each creditor’s registered claim amount.
What if the creditor supplied no workable bank details?
Where transfer is impossible, the amount is placed in a notarial deposit at the debtor’s location and the creditor is notified.
Is every late claim permanently outside the register?
The court may restore the two-month period for valid reasons. Without restoration, the late-claim regime and its statutory exceptions apply.
Does a zero distribution prove an error?
Not necessarily. It may reflect an exhausted estate after higher-priority payments, but the calculation and records should explain the result.
Official Sources
Related guides: debtor accounts, claims register and extension of liquidation proceedings.
Need to Review a Distribution or Claim Rank?
An initial consultation can reconcile the register, payment source and proportional calculation without promising an outcome.
BOOK AN INITIAL CONSULTATIONThis material is general information as at August 2026. Priority and payment depend on the claim type, court orders, register and actual estate funds.