Article 132. Report of External Manager

The external manager shall be obliged to submit a report for consideration by the meeting of creditors in connection with the expiration of the external management procedure or if there are grounds for its early termination at the request of persons (bodies) having the right to convene a meeting of creditors, as well as in case of accumulation of funds sufficient to satisfy claims of all creditors in accordance with the register of creditors' claims.

The external manager shall be obliged to submit a report to the court if the meeting of creditors, based on the results of consideration of the report, decides to start settlements with creditors of a certain priority.

The external manager's report must contain:

balance sheet of the debtor as of the last reporting date;

cash flow statement;

financial results statement of the debtor;

information on the availability of free funds that can be used to satisfy the claims of the debtor's creditors for monetary obligations and (or) the fulfillment of duties on taxes and fees;

breakdown of the debtor's receivables and information about the debtor's unrealized rights of claim;

other information about the possibility of paying off the debtor's accounts payable.

A register of creditors' claims must be attached to the report of the external manager.

Simultaneously with the submission of the report, the external manager shall submit one of the following proposals to the meeting of creditors:

on the termination of the external management procedure in connection with the restoration of the debtor's solvency and the transition to settlements with creditors;

on the conclusion of a settlement agreement;

on the extension of the external management procedure;

on termination of the external management procedure and filing a petition with the court to declare the debtor bankrupt and initiate liquidation proceedings.