Restructuring completion and bankruptcy completion are different results
Successful performance leads to completion of restructuring under Article 213.22. If cancellation grounds exist, the court cancels the plan and declares the individual bankrupt. In the latter case asset realisation begins and has its own completion procedure.
| Result | Legal route | Main question |
|---|---|---|
| Plan performed | Restructuring completion order: Article 213.22 | Has the debt specified in the plan been repaid? |
| Plan cancelled | Articles 213.22–213.24: cancellation, bankruptcy declaration and realisation | Are cancellation grounds established? |
| Asset realisation completed | Article 213.28 | Are distributions complete and does discharge apply? |
“The court closed the case and wrote off everything” is not a universal description of a performed plan. Check the plan and final order. The other route is covered in our separate article on completion of asset realisation.
What happens before the plan period expires?
- 1. At least one month before expiry
A performance report and repayment evidence are prepared and sent. - 2. If performance is incomplete
An application to cancel the plan is considered. - 3. Court hearing
The court assesses performance and creditor objections. - 4. Final order
Completion, or cancellation where grounds exist.
A report is prepared no later than one month before the performance period expires and sent with repayment records to creditors, the authorised public body and the court. Access arrangements are published. If claims remain unpaid when the report is considered, or the report was not submitted on time, a meeting considers cancellation; it must take place no later than 14 days before plan expiry.
The court schedules a hearing following the statutory steps and notifies participants. The last scheduled payment date therefore does not guarantee the order date. If the full order is not yet available in the case record, do not infer the result solely from the hearing’s name.
Documents proving plan performance
Approved terms
The plan, approval order and all court-approved amendments: amounts, dates and recipients.
Actual payments
Statements, credit confirmations, payment descriptions and records correcting mistaken transfers.
Debt reconciliation
A “scheduled — paid — outstanding” table for each claim and explanations of discrepancies.
Compare payments with the latest approved version, rather than the initial draft. Article 213.19 interest is separately regulated; it should not mechanically be calculated as contractual arrears under an old bank schedule. Request a calculation identifying the legal basis for discrepancies.
Hypothetical example, not a reported case. A plan requires 24 instalments of RUB 25,000, totalling RUB 600,000. Statements show 23 credited payments and a returned final transfer. Sending 24 instructions is not equivalent to performance: check receipt and settle the outstanding amount. This example excludes possible separate interest calculations and illustrates reconciliation only.What to check in the restructuring completion order
Read the operative part: the actual result, whether the plan is recognised as performed, and the claims and objections considered. Retain the full text and check appeal and finality information. A bank statement showing zero balance helps reconciliation but does not replace the order.
Identify the legal nature of any outstanding amounts and whether they were included in the plan. Article 213.19 separately regulates claims not included in it. Do not assume every such obligation disappears merely because the main schedule was completed.
What consequences remain after performance?
Do not conceal plan performance when applying for credit. Article 213.19(3) applies during performance and for five years after completion. It also covers purchases of goods, work and services with deferred or instalment payment. This is a disclosure duty, not a guarantee of bank approval or an absolute prohibition on obtaining credit.
Article 213.30 restrictions are tied to completion of asset realisation or termination of the case during that procedure. They should not automatically be transferred to successful restructuring without realisation. Article 213.13 imposes separate conditions for a new plan, including the rule on a plan approved within the preceding eight years. Read the general bankruptcy consequences guide in light of the actual case outcome.
After the order, retain the plan, amendments, judicial decision and performance records. If a creditor demands payment again, compare the period, amount and basis against them. For incorrect bank information, first identify discrepancies with the court order. Successful performance does not automatically delete credit history.
If the schedule remains incomplete, consider amendment and extension. Grounds for the alternative outcome are explained in the article on cancellation of a restructuring plan.
Frequently asked questions
Does the case finish on the last payment date?
The payment evidences performance, but the court determines the result under Article 213.22. Obtain and read the order.
Is expiry of the plan period sufficient?
No. The court checks repayment of the debt specified in the plan and whether creditor complaints are substantiated.
Can the completed plan be concealed from a new bank?
No. Article 213.19(3) prohibits concealment during performance and for five years after completion, including credit applications and deferred or instalment purchases.
Does a three-year LLC management ban always apply?
Article 213.30 links it to completion of asset realisation or termination during that procedure. Successful plan completion without realisation requires a different assessment, rather than automatic application of the ban.
What happens if the plan is not performed?
Where statutory grounds exist, the court cancels the plan and declares the individual bankrupt. This is a distinct outcome leading to asset realisation.
Legal sources
- Law No. 127-FZ, Article 213.22: completion of plan performance.
- Article 213.19: approval consequences, interest and plan disclosure.
- Article 213.13: conditions for presenting a new plan.
- Article 213.30: consequences following asset realisation.
Reconcile performance before the final hearing
Prepare the latest plan, statements and details of disputed amounts. A consultation can compare the records and identify issues for court consideration.
Discuss plan completion →