Article 101. Amendments to Judicial Rehabilitation Plan and Debt Repayment Schedule
On insolvency (LRU-763-son) · Date: 12.04.2022 · In force
In the event that the debtor fails to fulfill the plan of judicial rehabilitation and (or) the debt repayment schedule (failure to repay the debt on time and (or) in the established volumes), the debtor, within two weeks from the date of fulfillment of the requirements, shall have the right to apply to creditors with a petition for approval of amendments to the debt repayment schedule. A copy of the petition shall be forwarded to the Rehabilitation manager. On the basis of this petition, the rehabilitation manager shall convene a meeting of creditors no later than two weeks after the receipt of the petition.
If creditors determine that it is not possible to fully or partially comply with the rehabilitation plan and debt repayment schedule, or consider that it is possible to implement them only by making amendments, the court may amend the rehabilitation plan and debt repayment schedule.
The decision of the meeting of creditors to amend the plan of judicial rehabilitation and (or) the debt repayment schedule shall be adopted in the manner prescribed by Article 100 of this Law.
If a decision is adopted to amend the debt repayment schedule, the meeting of creditors shall adopt decision to file a petition with the court for approval of amendments to the debt repayment schedule.
Claims of a creditor who was not notified in a timely manner of the initiation of insolvency proceedings and entered into proceedings on the case after the court approved the debt repayment schedule, or for which the deadline for fulfilling the obligation came during the monitoring procedure, shall be included in the debt repayment schedule by ruling of the court.
The court shall have the right to issue a ruling on amending the debt repayment schedule only in respect of claims included in the register of creditors' claims.
