Encyclopedia

Proper Notice


Proper notice — the publication of the notice referred to in this subparagraph by including it in the Unified Federal Register of Information on Facts of Activities of Legal Entities is deemed proper notice to creditors who have claims against the debtor under monetary obligations (excluding creditors representing claims of the Russian Federation under monetary obligations), provided that these claims constitute less than five percent of the total amount of the debtor's obligations to such creditors, as well as proper notice to other creditors in cases where it is impossible to obtain information necessary for personal notification, or in the presence of other circumstances making notification of creditors impossible1.

  1. Federal Law No. 127-FZ dated October 26, 2002 "On Insolvency (Bankruptcy)", as amended on July 27, 2027, Article 31.1, subparagraph 1 // Official Gazette of the Russian Federation. 2002. No. 43. Item 4190. ↩

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