Lawyer Pavel PetrovLawyer Pavel Petrov

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Financial Manager Remuneration in Russian Personal Bankruptcy

In briefRemuneration of a Russian insolvency practitioner consists of a fixed amount and, where the Bankruptcy Law provides, a percentage component. It is distinct from court expenses, mandatory publications, auctions and fees of retained specialists. The amount and source of payment depend on the procedure, available estate, work performed and court orders. Neither a debtor nor a creditor may replace the statutory regime with an arbitrary service price.

Fixed component

Article 20.6(3) sets the amount for each practitioner role.

Percentage component

It arises only on statutory grounds and is not an ordinary success fee.

Expenses are separate

Publications, postage, valuation and other justified costs are reviewed independently.

Current fixed remuneration

The figures below are current as of 27 August 2026. Enacted amendments take effect later, so another case date requires a fresh version check.

RoleCurrent amountBasis
Temporary administratorRUB 30,000Each month of service
Administrative administratorRUB 15,000Each month of service
External administratorRUB 45,000Each month of service
Bankruptcy receiverRUB 30,000Each month of service
Financial administratorRUB 25,000Once for each procedure in an individual case
RUB 25,000 is not the total cost of an individual bankruptcy. Mandatory publications and other actual expenses may arise separately. See the guide to the cost of personal bankruptcy.

Who pays the remuneration?

Article 20.6(2) generally places payment on the debtor’s funds. In an individual case, funds for the financial administrator’s fixed remuneration are deposited with the commercial court under Article 213.4. The applicable applicant, proof date and consequence of a missing deposit must be checked against the current law and the orders in the particular case.

If the debtor has insufficient assets, Article 59 may require the applicant to cover qualifying expenses not paid from the estate. The percentage remuneration is expressly excluded from that rule. A creditor considering a petition should therefore assess the financing risk as well as the debt.

Remuneration and expenses are different

PaymentLegal basisWhat is reviewed
Fixed remunerationArticle 20.6Role, service period and grounds for reduction or non-payment
Percentage remunerationSpecific paragraphs of Article 20.6Result, calculation base, amount and causal contribution
Procedure expensesArticles 20.7 and 59Connection, necessity, reasonableness and records
Retained specialistsArticles 20.3 and 20.7Need for expertise, scope and fee

When does the percentage component arise?

There is no single percentage for every case. Article 20.6 uses different bases and caps for temporary, administrative, external and bankruptcy administrators and contains separate rules for a financial administrator. Depending on the role, the balance-sheet value of assets, distributions to creditors, estate receipts or realised property may matter.

A special regime applies to incentive remuneration connected with secondary-liability proceedings. Amendments made in 2024 introduced different approval routes depending on the amount and the court’s role. The Supreme Court’s 2024 insolvency review describes remuneration as reciprocal in nature: a court decision alone does not justify every requested payment, and the practitioner’s contribution to the achieved result must be examined.

Can it be reduced or denied?

Release or removal ends fixed remuneration from the relevant date. Where duties were performed improperly, the court may examine proportionality to the work actually completed. General dissatisfaction is not evidence; the objecting party needs orders, reports, the exact service period and proof of particular breaches.

Fees of retained persons are challenged under separate rules. The applicant must explain why the engagement or price was unreasonable. That dispute does not automatically eliminate the practitioner’s fixed remuneration.

Calculation checklist

  1. Identify the procedure and the dates of appointment, release or removal.
  2. Separate fixed remuneration, percentage remuneration, expenses and retained-person fees.
  3. Use the version of Article 20.6 applicable to the relevant filing and period.
  4. Verify the statutory base: assets, creditor distributions, realised property or another defined result.
  5. Compare the report, bank records, publications and court orders.
  6. Identify the payment source and any uncovered expenses under Article 59.
  7. State a precise amount, period, rule and evidence in any objection.

For an individual case, also see how the SRO and financial administrator are selected and what the financial administrator’s report contains.

Frequently asked questions

Is RUB 25,000 paid once for an entire individual case?

No. The statute sets RUB 25,000 once for each procedure used in the individual bankruptcy case.

May the parties agree a different fixed price?

A private arrangement does not replace the mandatory remuneration rules and court orders.

Is percentage remuneration guaranteed?

No. Statutory grounds, a valid base and, where required, court approval must exist.

Is a valuer’s fee included in the fixed amount?

Not automatically. Justified expenses and retained-person fees are considered separately.

Who pays if the debtor has no estate?

Article 59 may shift qualifying uncovered expenses to the applicant, but expressly excludes the percentage remuneration.

Official sources

Need to verify a particular calculation?

We can compare the procedure, service period, report and court orders without promising a predetermined amount.

Initial consultation

Remuneration Has a Fixed and a Percentage Component

The fixed amount is RUB 25,000 for each procedure applied in the citizen’s case. The manager’s actual expenses are a separate item.
ComponentBasisTiming
RUB 25,000Article 20.6(3)Per procedure
7% of sale proceedsArticle 20.6(17)After distributions
7% of receivables recoveryArticle 20.6(17)After result
ExpensesArticle 20.6(1)On evidence
Additional remunerationCreditor/court decisionIf legally based

Identify the procedure

Restructuring and realization are separate.

Separate amounts

Deposit, percentages and expenses are not one charge.

Review the court record

Payment follows the procedural route.

The Percentage Is Not Charged on the Citizen’s Entire Debt

Article 20.6(17) links the seven-percent realization component to sale proceeds, recovered receivables and proceeds from transaction avoidance. It is not seven percent of all credit balances. The fixed component is paid through the court deposit for the completed procedure. Expenses must relate to the manager’s duties and be evidenced; disputes are determined by the bankruptcy court. Estimate the real cost from the facts and likely procedure rather than one advertised figure. Separate court duty, the deposit securing the financial manager’s fixed remuneration, publications, postage and banking, document retrieval, valuation, auction, storage and professional services. Not every item arises in every case, but lack of realizable assets does not eliminate all mandatory administration. A law-firm fee does not replace the court deposit and should not be presented as that deposit. Request a written estimate naming each payee, payment date, refund condition and event that could increase the budget. Allow for a second procedure where the court first introduces restructuring and later realization because the statutory fixed remuneration applies to each procedure used. The manager’s percentage remuneration follows the statutory result and should not be hidden inside an arbitrary subscription price. Check the law and tariffs at the payment date because they change. This material is not a public offer and cannot guarantee a final figure without the case records.

Remuneration Review

Deposit · Publications