How to Avoid Accusations of Intentional Bankruptcy of a Company
June, 2025 | Published
Author: Gubko Vladislav
The bankruptcy of a company increases the risk of its top managers being held criminally liable. This is
because control is transferred to an insolvency practitioner, who gains access to all internal information.
If signs of a crime are identified, they will report it to the competent authorities (Resolution of the
Government of the Russian Federation dated December 27, 2004, No. 855).
If a top manager was aware of the company’s debts and withdrew assets in order to strip the company
and leave creditors with nothing, they may be charged with intentional bankruptcy under Article 196 of
the Criminal Code of the Russian Federation.
because control is transferred to an insolvency practitioner, who gains access to all internal information.
If signs of a crime are identified, they will report it to the competent authorities (Resolution of the
Government of the Russian Federation dated December 27, 2004, No. 855).
If a top manager was aware of the company’s debts and withdrew assets in order to strip the company
and leave creditors with nothing, they may be charged with intentional bankruptcy under Article 196 of
the Criminal Code of the Russian Federation.
