Read the sale terms
The EFRSB notice and deposit agreement control the amount, deadline, account and payment details.
Five business days
This is the statutory refund period for bidders who did not win.
The winner pays the balance
The deposit is part of the price, while contract and final-payment deadlines remain separate.
How the deposit works
Article 110 of the Bankruptcy Law requires the sale notice to state the deposit amount, timing and payment procedure. The organiser also publishes the digitally signed deposit agreement. Funds must arrive in time and be identifiable with the bidder and lot.
| Situation | Deposit result | Key evidence |
|---|---|---|
| Bidder did not win | Refund within five business days after the protocol | Bank details, protocol date and statement |
| Sale failed | Normally refunded under the notice and agreement | Protocol, reason and special deadline |
| Winner signed | Credited toward the purchase price | Balance and payment deadline |
| Winner defaults | Deposit may be forfeited | Proper notice and agreement terms |
Bidder workflow
Review publications
Check EFRSB, the platform, lot card, draft sale contract and deposit agreement.
Verify the payer
Name, purpose and amount must match the application; retain bank execution evidence.
Record the result
Download admission and results protocols and calculate the refund period.
Demand a delayed refund
Identify the lot, payment, ground and account and attach supporting documents before choosing further remedies.
Documents
- sale notice and lot card;
- deposit agreement and application;
- payment order and bank statement;
- admission and results protocols;
- correspondence with the organiser and platform;
- sale contract if the bidder won.
FAQ
Can the deposit be sent on the last day?
That is risky because timely receipt under the stated procedure matters.
Is the second bidder refunded?
Yes, unless that bidder becomes the winner or a specific lawful retention ground applies.
Can interest be claimed for delay?
Potentially, but default, liable party and the calculation must be established separately.
Can forfeiture be challenged?
Yes where notice, deadlines, alleged default or sale terms are disputed; the documents control the result.
Official sources
Related guides: buying bankrupt property and checking EFRSB publications.
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