Article 155. Control over Activities of Liquidation Manager
On insolvency (LRU-763-son) · Date: 12.04.2022 · In force
The liquidation manager not less than once a month shall submit to the meeting of creditors or the committee of creditors a report on activities, information on the financial condition of the debtor and its property at the time of commencement and during the liquidation proceedings, as well as other information.
The report of the liquidator must contain the following information:
on the formed liquidation estate, including on the progress and results of the inventory of the debtor's property, on the progress and results of the assessment of the debtor's property;
on the amount of funds received on the single account of the debtor, the source of these receipts;
on the course of the sale of the debtor's property, indicating the amounts received from the sale of property;
on the number and amount of claims made by the liquidation manager, including in court, against third parties for the recovery of debts;
on measures to ensure the safety of the debtor's property, as well as to identify and recover the debtor's property in the possession of third parties;
on measures to invalidate the debtor's transactions, as well as the statement of refusal to execute the debtor's contracts;
on the work of maintaining a register of claims of the debtor's creditors, indicating the total amount of creditors' claims entered in the register, and separately — for each priority;
on the number of employees of the debtor continuing their activities during the period of liquidation proceedings, and employees whose employment contracts were terminated during the period of liquidation proceedings;
on the work carried out by the liquidation manager to close the accounts of the debtor and its results;
on the amount of expenses for conducting liquidation proceedings, indicating their purpose.
The liquidation manager's report must also contain other information on the course of liquidation proceedings in respect of the debtor, the composition of which is determined by the liquidation manager, as well as by the requirements of the meeting of creditors or the committee of creditors or the court.
The liquidation manager, at the request of the court, shall be obliged to provide with all the information regarding the conduct of the liquidation proceedings.
