Article 106. Report on Results of Fulfillment of Obligations Arising From Security

Upon completion of settlements with creditors or after the expiration of the period established by the court for repayment of creditors' claims, the rehabilitation manager shall be obliged to submit to the court a report on the results of execution of the debtor's obligations by the persons who provided the security. The report of the rehabilitation manager and the complaints of creditors shall be considered by the court at a session. The requirements for the report, as well as the procedure for its submission and consideration shall be established by Articles 132 and 133 of this Law.

Based on the results of consideration of the report of the rehabilitation manager, complaints of creditors, the court shall:

approve the report of the rehabilitation manager and adopt a decision to terminate the insolvency proceedings, if the outstanding debt is not revealed, and the creditors' complaints are recognized as unfounded;

refuse to approve the rehabilitation manager's report if the presence of outstanding debts is revealed and the creditors' complaints are recognized as substantiated, and issue a ruling on the introduction of an external management procedure or adopt a decision on declaring the debtor bankrupt and initiating liquidation proceedings.