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Receiver’s account

Receiver’s account

International Asset Bank AD opens a particular receiver’s account, intended for a legal entity that declared bankrupt by decision of the respective court. The purpose of the account is to collect the current obligations of the company where the order of covering them is determined by the court, before which the bankruptcy proceedings were initiated. The amount on the account may not be used for payments for other purposes outside those indicated in the contract and may be disposed of only under the conditions, stated therein. The holder may dispose of the funds on the particular account only via the trustee – in person or through an individual authorised by him, again following an express decision of the bankruptcy court.

The Bank opens and maintains receiver’s accounts in BGN and EUR.

  • Currency: BGN, EUR;
  • Minimum opening balance: 50 currency units;
  • Term: Termless.
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