Article 102. Early Completion of Judicial Rehabilitation Procedure

In the event that the debtor repays all the claims of creditors provided for by the debt repayment schedule, before the expiration of the term of the judicial rehabilitation procedure established by the court, the head of the debtor shall submit to the court a report on the early completion of the judicial rehabilitation procedure in the manner prescribed by Article 104 of this Law. The report of the head of the debtor on the early completion of the procedure of judicial rehabilitation, the conclusion of the Rehabilitation manager on the report of the head of the debtor and the complaints of creditors shall be considered by the court at a meeting.

The rehabilitating manager shall be obliged to notify all creditors whose claims were included in the debt repayment schedule of the date, time and place of the court session to consider the report of the head of the debtor on the early completion of the judicial rehabilitation procedure.

Based on the results of consideration of the report of the head of the debtor on the early completion of the judicial rehabilitation procedure, as well as the complaints of creditors, the court shall:

approve the report of the head of the debtor and terminates the insolvency proceedings, if the outstanding debt is not revealed, and the creditors' complaints are recognized as unfounded;

refuse to approve the report of the head of the debtor, if the presence of outstanding debt is revealed and the creditors' complaints are recognized as substantiated.

A court ruling shall be issued on the approval of the report of the head of the debtor and the termination of the insolvency proceedings or refusal to approve the said report, which may be appealed (protested).