Approval and separate statutory periods
Under Article 213.26(1), the draft goes to the creditors’ meeting or committee within one month after inventory and valuation end. The law allows two months for approval; creditors may choose a different arrangement from the draft. Approval information is published in EFRSB.
Case participants may bring disagreements to the court within two months from that EFRSB publication. The court resolves the dispute and approves conditions and initial price by an appealable order. This period is distinct from a subsequent claim to invalidate an auction.
Read the actual case documents. An old statement that the court always approves the terms first does not describe the current general route. See the personal asset-realisation overview.
Collateral follows a special route
Article 213.26(4) gives the secured insolvency creditor responsibility for determining the initial price and auction conditions for collateral. Disagreements between that creditor and the financial manager go to the bankruptcy court. Do not automatically apply the ordinary meeting route to a mortgaged lot.
Separately investigate spousal or co-owner rights, encumbrances and exactly what is being sold. Sale terms do not themselves resolve title or exemption from the estate.
A practical clause-review table
| Block | Compare | Evidence |
|---|---|---|
| Asset and lot | Title, cadastral/VIN number, share, components, third-party rights | Register extract, inventory and title documents |
| Price | Initial price and valuation basis, not a single comparable advert | Written valuation decision and relevant evidence |
| Sale format | Mandatory rules, stages and special restrictions | Terms, legislation and court orders |
| Admission and deposit | Justified requirements, amount, account and receipt deadline | Deposit agreement draft and notice |
| Inspection and delivery | Actual access, condition, documents, dates and costs | Inspection procedure, contract draft and inventory |
| Amendments | Applicable version and approval process | Revised terms, approval record and EFRSB notice |
An inconvenient condition is not automatically unlawful. Identify the conflict with a rule or evidence and explain its effect on a right or the sale’s economic outcome.
Preparing disagreements before the sale
- Preserve the approved terms, approval record and dated EFRSB notice.
- Quote the disputed clause and propose replacement wording separately.
- Support it with title, access, asset-composition, valuation or cost evidence.
- Request a specific change rather than merely objecting to bankruptcy generally.
- Check participants, service of attachments and the correct filing route in the case.
- If the sale is imminent, assess interim protection separately. Filing does not itself automatically stop the sale.
📝 Open a disagreement-table outline
Case/applicant: [case, court, procedural status and contact].
Approval/publication: [who, when, notice number].
Existing clause: [applicable version and paragraph].
Proposed wording: [precise text].
Reason: [rule, fact and affected right].
Evidence: [numbered attachments].
Requested decision: [specific disagreement to resolve].
[Date, signature, authority and service evidence].
Price and costs: a hypothetical comparison
Suppose two lot-packaging options have assumed proceeds of RUB 1,000,000 and RUB 1,050,000. The second requires RUB 80,000 of supported additional splitting and removal costs. Before other costs, the balances are RUB 1,000,000 and RUB 970,000. A higher headline price alone does not establish the better outcome.
This is a hypothetical comparison, not an appraisal or demand forecast. A real position needs evidenced costs and justified options. Do not conflate a valuation challenge with disagreements about sale conditions; see property valuation.
After approval and commencement
Compare the sale notice and platform listing with the approved version. Do not assume a substantive amendment is merely an editorial change. Preserve both versions and the basis for amendment.
The remedy may change after an outcome: sale-term disagreements, organiser conduct and auction invalidity have different foundations. A buyer should also keep the admission and results protocols.
Frequently asked questions
Can the debtor object?
A case participant must use the applicable remedy and substantiate specific disagreements. Verify the stage and publication date rather than sending only a general objection.
Can creditors choose any selling method?
No. Conditions must comply with applicable mandatory rules, including asset-specific requirements.
Does the two-month period start when a letter arrives?
For disagreements over approved terms, Article 213.26(1) refers to EFRSB publication. Also check the special collateral route separately.
Sources and review date
Legal provisions checked on 24 October 2026. Future amendments not yet in force were not applied. Examples are hypothetical.
Need a particular sale clause reviewed? A consultation can compare the applicable document, notices and supporting evidence.
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