Trading procedures and sale of assets in bankruptcy

At the liquidation stage of bankruptcy, the most significant procedure is sale of debtor’s property at auction. The main goal is to maximize replenishment of bankruptcy assets for settlements with creditors.

Sale of the bankrupt’s property allows to replenish the bankruptcy estate in short time and is accompanied by discounting and attracting a large scope of potential buyers. Various property is put up for auction: from low cost to luxury cars, from small apartments to gorgeous huge mansions, from small claims to multibillion-dollar bonds.

In this regard, investments in assets sold at auction have become quite popular among both enthusiasts and professional investors.

The auction itself is held in several stages, which are strictly regulated. First, a message about the property being sold with its identifying features is published, so that everyone who wants to get acquainted with this property has time and opportunity to do so. After the deadline for reviewing and submitting applications, auction is held in electronic form, the results of which are used by auction organizer to form a protocol. If the winner is not identified, repeated auction is held, and if it does not give a result – then Dutch auction is held.

VALEN specialists are highly experienced in the field of supporting debtor’s property sale and will help to take all necessary steps to protect the interests of creditors and potential buyers:

  • due diligence of acquired property
  • risk assessment
  • comprehensive support of procedure of purchasing property at auction
  • verification and conclusion of contract based on the results of auction, support of further actions regarding the investment object
  • effective challenging of auction organizer’s actions or omissions

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Leading Lawyers

Valentina Khlavich
Managing Partner
Dmitry Kofanov
Irina Girgushkina
Head of legal
Valentina Khlavich
Managing Partner

Law degree in the Russian Federation

Studied at the University of Passau, Germany

Foreign Languages: English, German

Since 2007 a lawyer in Beiten Burkhardt lawfirm

Since 2012 founder and managing partner at VALEN

Our specialists
Dmitry Kofanov

Certified Lawyer in the Russian Federation

Experience since 2003 – in Russian and foreign law firms

Since 2021 – partner at VALEN

Our specialists
Irina Girgushkina
Head of legal

Graduated Moscow State Institute of International Relations (MGIMO)

RANEPA at the President of the Russian Federation

Certified Lawyer in the Russian Federation, Master of Law (Corporate Law)

Foreign languages: English, French

4+ years in corporate law consulting

Since 2022 –Head of legal at Valen Group

Our specialists

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