Article 150. Sequence of Satisfaction of Creditors' Claims

Court expenses, expenses related to the payment of remuneration to judicial managers, current utility and maintenance payments, expenses for insurance of the debtor's property, as well as claims for the debtor's obligations that arose after the initiation of an insolvency case, and the claims of citizens to whom the debtor bears liability for causing harm to life or health in accordance with the law, shall be covered out of turn, with the exception of the requirements provided for in paragraph three of Article 154 of this Law.

First of all, claims for payment (executive) documents providing for the issuance of funds for the payment of wages, for executive documents providing for the transfer or issuance of funds from the debtor's single account to satisfy claims for the recovery of alimony, for the payment of remuneration under copyright agreements that ensure an equal degree of fulfillment of the debtor's obligations, for payments and claims arising from labor and equivalent legal relations, as well as the claims of citizens for compensation for damage caused to their property by a crime or an administrative offense shall be satisfied.

Secondly, claims for taxes and fees, for compulsory insurance, for bank loans and bank loan insurance, as well as claims of creditors secured by pledge in terms of uncovered debt due to the insufficiency of the amount received from the sale of the pledged property (collateral), and claims of unsecured creditors shall be satisfied.

In the third place, the requirements of the owners of shares for accrued dividends shall be satisfied.

In the fourth place, all other claims shall be repaid.

The claims of each successive turn shall be satisfied after the full repayment of the claims of the previous turn.

If the recoverable amount is insufficient to fully satisfy all the claims of one queue, these claims shall be satisfied in proportion to the amount due to each claimant.

A special message shall be published in the media about the last payment.

The rest of the value of the property after satisfying the claims of creditors and paying the costs of conducting an insolvency case, as well as the property not sold in the process of liquidation, shall be received by the founders (participants) or the owner of the property of the liquidated debtor, except for the cases provided for in Article 159 of this Law.