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

How to get a service?

  1. Choose a service
  2. Fill in the form
  3. Our specialists
    will contact you
    for an initial consultation

Leading Lawyers

Valentina Khlavich
Managing Partner
Eduard Ioffe
Partner
Dmitry Kofanov
Partner
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
Eduard Ioffe
Partner

Graduated Moscow State Law Academy under name of O.E. Kutafin (MSAL) in 2012

Foreign languages: English, Latvian

Experience since 2012 – in legal consulting, banking, private equity and sports law

Since 2021 – Head of legal in VALEN

Since 2022 – Partner/Head of legal in VALEN

Our specialists
Dmitry Kofanov
Partner

Certified Lawyer in the Russian Federation

Experience since 2003 – in Russian and foreign law firms

Since 2021 – partner at VALEN

Our specialists

Our Clients And Partners

Need consultation?

Please fill in the form and our specialists will get back to you

By clicking on the button "Submit", you give your consent to the processing of your personal data and agree to the privacy policy.

Interesting articles

When the company becomes unprofitable and cannot pay off all obligations, the owners initiate bankruptcy proceedings. It implies the...
The company is operating until an entry on the termination of its activities appears in the state register. The...
Liquidation of a legal entity is a procedure provided for by law in order to terminate activities without transferring...