Progress report
Covers the estate, cash, sales, recoveries, employees and creditor distributions.
Frequency
At least once every three months unless the creditors’ meeting sets a different schedule.
Final report
Filed with the court after distributions to prove completed measures and outstanding claims.
Progress and final reports
| Document | Recipient and timing | Purpose |
|---|---|---|
| Activity report | Creditors’ meeting or committee during the procedure | Controls assets, expenses, recoveries, sales and distributions |
| Financial-condition information | Provided with progress reporting | Explains changes in assets and cash flows |
| Report requested by the court | Arbitrazh court upon request | Answers questions about particular measures |
| Final report | Arbitrazh court after distributions | Supports completion of liquidation proceedings |
What to check in a progress report
Article 143 requires information on the bankruptcy estate, inventory and valuation, receipts to the principal account, asset sales, debt recovery, asset preservation, employees, subsidiary-liability work and distributions. The report should be compared with the register, bank records, public notices and the court file.
A line in the report does not by itself prove that work was complete. Source documents, dates, amounts, outcome and the explanation for an unrecovered or unsold asset matter.
Practical review algorithm
- Compare the report with its previous version.
- Reconcile assets with the published inventory.
- Check receipts and expenses through the debtor’s principal account.
- Match auction notices to proceeds.
- Review receivables, litigation and enforcement.
- Reconcile the register, current claims and payments.
- Prepare precise questions for the next creditors’ meeting.
Supporting documents for the final report
Article 147 links the final report to completed distributions. Supporting materials include sale and payment records, the register showing paid claims, confirmation of required pension-record submissions and statutory lists of unpaid current and certain post-register claims.
The court then decides whether to complete the procedure. The overall sequence is explained in the guide to Russian liquidation proceedings.
How creditors use the report
The report supports questions, proposals, expense review and creditors’ resolutions. Oversight may also be organised through a creditors’ committee. Any application or challenge depends on the applicant’s standing, the alleged breach and evidence.
Frequently asked questions
Must a report be prepared monthly?
The statutory minimum is once every three months unless the creditors’ meeting sets another schedule.
Is the entire report public in the Federal Register?
Do not assume so. Public notices and meeting materials have their own disclosure rules.
Can supporting records be requested?
The route depends on the applicant’s status, the requested material and the case.
Does the final report automatically close the case?
No. The arbitrazh court reviews it and issues a separate order.
What if amounts do not reconcile?
Compare the report, register, bank records and court orders before making a precise objection or application.
Official sources
Need to review a receiver’s report?
We can examine amounts, measures and source records for the specific case without promising a predetermined court outcome.
Initial consultation