Bankruptcy of a private company with minimal costs for the company and owners

We offer free consultation, assistance in legal closure of the company and writing off the debts without consequences

успешных процедур банкротства
billion rubles ($ 227 million) saved for clients
years of legal practice
Defending clients' interests for over 17 years
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The most important information about bankruptcy in 1,5 minutes from Ilya Rusyaev
One in three individuals is held subsidiary liable
According to the statistics of the Supreme Court of the Russian Federation, in every third bankruptcy case, there is an application for holding the management and participants subsidiary liable. Every second application is satisfied.
If a company is unable to satisfy the interests of creditors during bankruptcy, there is a high risk of being held liable for subsidiary liability:
In 2017, after the adoption of Federal Law No. 266-FZ, the "rules of the game" changed dramatically. In cases of applying for subsidiary liability, there is a presumption of guilt for respondents, and they are required to prove their innocence. And bankruptcy trustees declare subsidiary liability in almost every case of a bankruptcy of a private company. As a result, the number of such applications has increased 5–7 times.
Ilya Rusyaev
Director of the legal firm "Rusyaev & Partners"
or debtor’s controlling persons — directors, founders, chief accountants, department heads, etc.
For individuals directly influencing the company's operations, who can be implicated based on indirect evidence.
Any forms of alternative liquidation, intentional actions leading to the bankruptcy of an entity, or fraudulent bankruptcy can result in criminal liability. Articles 173.1 and 173.2 of the Criminal Code of the Russian Federation impose imprisonment for up to 8 years on participants.
Which of these situations are you currently facing?
Company on the verge of bankruptcy
The company has overdue debts exceeding 300 000 rubles ($ 4 000) for more than 90 days, or if creditors make financial claims and the business cannot repay its debts.
Creditors have filed for bankruptcy
The procedure was initiated by one of the creditors, who now has the right to choose a bankruptcy trustee and takes the initiative in the case.
The procedure is already facing problems
The company is unable to repay its debts. It may be subject to a tax audit or involvement of the prosecution authorities, with the creditors threatening with subsidiary liability.
Appointment of an interim trustee without your participation.
Challenge of transactions made within the past 3 years. There is a presumption of guilt for a respondent in several bankruptcy scenarios.
Regardless of the current situation, it is crucial to take the initiative in the bankruptcy procedure. If you let the situation slip out of your hands and give the initiative to creditors and government authorities, you may face:
Sale of company assets at significantly lower prices than could be obtained if there was enough time and proper rights.
Loss of personal savings and personal property.
Prohibition on the discharge of personal debts even after the completion of bankruptcy proceedings.
Sooner or later, the procedure will be completed, and the most important thing for the owner and participants is to stay without subsidiary or criminal liability and reputational damage. Therefore, it is crucial to engage an experienced bankruptcy lawyer or an attorney.
Bankruptcy of a legal entity without negative legal consequences.
Write off the company's debts without negative legal consequences.
Avoid the challenge of transactions and on-site tax audits.
Preserve the property and other assets of the company and participants.
Protect participants from personal liability.
We assist in the lawful closure of private companies with minimal costs for the debtor company and owners.
For over 17 years, we have been protecting business interests in bankruptcies and tax disputes, ranking among the top companies dealing with bankruptcy in Russia. Depending on the circumstances, we develop a strategy that allows us to resolve the issue with minimal costs.

  • We analyse the actions of creditors and government agencies, evaluating possible scenarios.
  • Based on our practical experience in handling similar cases, we develop a strategy and action plan.
  • We systematically bring bankruptcy proceedings to completion, achieving the predicted outcomes.
Preserve the reputation of the director and other participants in the procedure.
Reduce the amount of debt and repay it quickly.
Get a consultation from a bankruptcy lawyer for legal entities.
Cost of the bankruptcy of a private company
We provide support for the bankruptcy procedure of legal entities, offering a bankruptcy lawyer for companies in Moscow and all regions of Russia. Depending on the situation, we implement a range of measures to lawfully close the company and write off the debts without negative consequences for the stakeholders. When possible, we hold a simplified procedure for the bankruptcy of a legal entity.
We rectify the accounting of the company, minimising violations to initiate the procedure.
1) Bankruptcy procedure not yet initiated
We establish dialogue with creditors to find amicable solutions. We evaluate the possibility of reaching a settlement agreement.
We initiate the bankruptcy procedure, take the initiative, and assist in the selection of a trustee.
We provide support at every stage, from observation to bankruptcy proceedings.
2) Bankruptcy procedure already initiated
We work on including the creditor's claim in the register.
We develop a defence strategy to prevent the inclusion of other creditors' claims in the registry.
We initiate the bankruptcy procedure, take the initiative, and assist in the selection of a trustee
We provide support at every stage, from observation to bankruptcy proceedings.
We help reduce the debt amount and repay it on favourable terms.
We minimise the risks of challenging the transactions made within the last 3 years.
We protect from subsidiarily liability.
We preserve the assets of the company and debtor’s controlling parties.
We work actively to protect the interests of the owner/director during the observation stage. At the end of this stage, the interim trustee assesses whether there are indications of fraudulent or intentional bankruptcy, which may lead to the initiation of proceedings or become a decisive factor in holding individuals subsidiarily liable.
Starting from
350 000 rubles
($ 4 600)
Cost of the bankruptcy of a private company
To learn how to carry out bankruptcy for a private company with debts in your case and calculate the cost of legal support, please submit an application. Our lawyer will contact you and provide consultation on the bankruptcy of a legal entity.

The reasons why you can trust us with the bankruptcy of a private company
17 years of defending clients' interests in tax disputes
200+ successful cases of various complexity annually
32 successful tax audits completed
370 companies successfully liquidated
95 bankruptcy procedures finalized
Over 17 billion rubles ($ 226 666 666,67) saved for our clients
Ilya Rusyaev
Director of the law firm "Rusyaev and Partners"
  • Over 17 years of legal practice — defending clients' interests in courts, corporate conflicts, and bankruptcies
  • Participated in the development of more than 5 legislative projects, including amendments to the Tax Code of the Russian Federation
  • Responsible Secretary of the Council under the Chairman of the Federation Council for Interaction with Civil Society Institutions
  • Arbitration Trustee
  • Resident of Skolkovo (Moscow School of Management "Skolkovo")
  • Member of business communities, Moscow Capital Club, "ALUN Club"
  • Chairman of the Charitable Foundation for Children with Special Needs "Mayak Zaboty"
  • Higher education — Law Faculty of the Kazan National Research Technical University named after A.N. Tupolev, additional education: Russian Law Academy of the Ministry of Justice of Russia, Moscow School of Management "Skolkovo"
Case #1
Case #2
340 million ₽
of the creditors’ claims against a construction company

The main creditor's claims for 200 million rubles ($ 2,6 million) were rejected, and the claims amounting to 140 million rubles ($ 1,8 million) were sold for 60 million rubles ($ 800 000). The director was released from criminal prosecution, and the business was preserved.
A new owner of a developer and investor decided to switch to another construction company by a multitude of claims regarding the volume and quality of work, suspension of payment and further financing. This resulted in a list of creditors’ claims amounting to 340 million rubles ($ 4,5 million), the appointment of an affiliated bankruptcy trustee, and criminal proceedings against the director.

We communicated efficiently with the creditors. We proved the claims from the developer and investor to be unfounded, which resulted in the exclusion of their claims totaling approximately 200 million rubles ($ 2,7 million) from the list. The bankruptcy trustee was removed from the case. The claims of the remaining creditors, amounting to 140 million rubles ($ 1,8 million), were sold for 60 million rubles ($ 800 000). The claims were satisfied.
The bankruptcy procedure was successfully completed, with the business effectively preserved. The company's director and other key responsible persons were cleared of criminal prosecution. Approximately 280 million rubles ($ 3,7 million) were saved.
Case #1
Case #2
650 million ₽
total amount of creditors' claims against the debtor

Claims exceeding 400 million rubles ($ 5,3 million) were excluded from the list of creditors’ claims. The creditor's debt of 200 million rubles ($ 2,7 million) was repaid. Claims for subsidiary liability amounting to 130 million rubles ($ 1,7 million) were sold for 1,5 million rubles ($ 20 000).
Due to financing delays, a construction company missed the deadlines and there arose a conflict with the client. The client terminated the subcontract agreements and demanded to return the advance payment. The construction company incurred a creditor's debt of approximately 200 million rubles ($ 2,7 million) to subcontractors. The situation led to bankruptcy proceedings and the claims in the amount of 400 million rubles ($ 5,3 million) in the list of creditors’ claims. Subsequently, the debtor’s controlling parties were held subsidiary liable.
The client's claims amounting to 400 million rubles ($ 5,3 million) were appealed in the appellate court and excluded from the list. Extensive work was done to protect the interests of the debtor and respondents during the challenge of transactions, minimising negative consequences
The bankruptcy procedure was successfully completed with minimal financial losses for the company. Claims for subsidiary liability amounting to 130 million rubles ($ 1,7 million) were sold for 1,5 million rubles ($ 20 000).
Frequently Asked Questions (FAQ) - Answers from Company CEO Ilya Rusyaev
What is the most important aspect of bankruptcy?
Debt of 271 million rubles ($ 3,6 million) repaid without bankruptcy proceedings
What debts cannot be discharged in bankruptcy?
What is the key aspect of a lawyer's work?
5 points on what a good lawyer should do
Top 3 criteria of a good lawyer
What you get when choosing "Rusyaev & Partners"
Comprehensive support
You save not only money but also time. We initiate and control all processes, establish effective communication with creditors and government agencies, and bring bankruptcy to the predicted outcome.
Predictable outcome
You understand in advance what risks for the company and stakeholders are involved in the procedure. We provide a step-by-step action plan, outlining the optimal result and the ways to achieve it.
Resolution of complex issues
You resolve tax and legal issues quickly and efficiently. Our high-level contacts and the status of our company's leaders and partners, enable us to find solutions promptly in contentious situations.
Absolute confidentiality
Maximum honesty is the key to our successful collaboration. You can provide us with any confidential information without fear. We guarantee its security and sign a non-disclosure agreement.
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Moscow, Presnenskaya embankment, 8, building 1
© 2004–2023 " Rusyaev and partners" LLC
INN 1218001082
OGRN​ 1171215006489