Lawyer Pavel PetrovLawyer Pavel Petrov

RURU ENEN

Closure of the Creditors’ Register in Russian Bankruptcy

In briefIn Russian liquidation proceedings the creditors’ register closes two months after publication of the debtor’s bankruptcy and the opening of liquidation. Since the 2024 reform, a court may restore a missed deadline on a creditor’s motion where valid reasons are proved. Closure neither terminates the bankruptcy case nor converts current claims into registered claims.

Publication controls

The two months run from the statutory notice, not from a private letter or hearing.

Court filing required

Sending papers only to the insolvency practitioner does not replace an application to court.

Restoration is possible

The creditor must request it and prove a valid reason for missing the period.

What closure means

The register records court-established claims, amounts, priority and voting rights. Closure limits ordinary new admissions but does not end liquidation or remove duties to distribute assets, reserve disputed sums and process special claims.

The initial filing is covered in the guide to admission to the creditors’ register. Later removal of an admitted claim is a distinct dispute covered by the page on exclusion from the register.

Calculating the deadline

SituationStarting eventPractical rule
Corporate liquidationPublication of bankruptcy and liquidation proceedingsTwo months under Article 142
Individual asset realisationPublication of the individual’s bankruptcyGeneral two-month period, subject to restoration
Observation and first meetingPublication of observationSpecial Article 71 period; not the liquidation-register closure
Current claimDetermined by when the obligation aroseNot admitted to the register

Steps after a missed deadline

  1. Locate the Federal Register notice and record its date.
  2. Prepare the claim application, calculation and evidence.
  3. File a motion to restore the deadline at the same time.
  4. Prove the objective obstacle and when it ended.
  5. Serve participants and file with the bankruptcy court.
  6. Check the order, priority and register entry.
“I did not know” is usually insufficient alone. The court considers publication, creditor conduct, access to information and evidence of the particular obstacle.

Consequences of a late claim

If the deadline is not restored, the claim generally receives a less favourable treatment and is paid after timely claims from residual assets. Statutory exceptions exist for particular priorities and situations, so status cannot be decided solely by filing date.

Frequently asked questions

Can the practitioner restore the period?

No. Restoration is a judicial decision made on the creditor’s motion.

Does closure stop the debt from accruing?

No. Accrual and classification depend on the obligation and procedure, not the technical closure date.

Are current claims registered?

No. They are asserted and paid under separate rules outside the register.

Can a late creditor vote?

Voting depends on establishment and status of the claim and the procedural stage; a late filing cannot undo a meeting already held.

Official sources

Has the filing period expired?

We can review the notice, restoration grounds and priority consequences without promising a favourable order.

Initial consultation