Article 141. Consequences of Commencement of Liquidation Proceedings

From the moment the court adopts decision to declare the debtor bankrupt and commence liquidation proceedings:

making transactions related to the alienation of the debtor's property or entailing the transfer of its property for use to third parties shall be allowed only in the manner prescribed by this chapter;

deadline for the fulfillment of all monetary obligations of the debtor, as well as deferred obligations for taxes and fees of the debtor, shall be considered to have come;

accrual of penalties (fines, penalties) and interest shall be terminated for all types of the debtor's debt;

accrual of property tax, land tax, as well as penalties and fines on previously accrued and uncollected obligations on taxes and fees shall be suspended;

part of the proceeds from the sale of the debtor's property, aimed at repaying the debt, shall exempt from value added tax and tax on income;

information about the financial condition of the debtor shall cease to be classified as confidential, including commercial secrets;

all restrictions on foreclosure on the debtor's property shall be removed;

execution of enforcement documents shall be terminated. All claims for monetary obligations, obligations for taxes and fees, other property claims, with the exception of claims for recognition of the right of ownership, compensation for moral damage, for the recovery of property from someone else's illegal possession, for the return of unjust enrichment, for the invalidation of transactions and the application of the consequences of their invalidity, as well as claims for current payments can be presented to the debtor only within the framework of liquidation proceedings.

The fruits, products and income from the use of property provided as security for the fulfillment of the debtor's obligations prior to the commencement of liquidation proceedings, received after the commencement of such proceedings, shall not be subject to the creditor's right as security for the execution of their claims.

Executive documents, the execution of which has ceased in accordance with paragraph nine of part one of this article, shall be subject to transfer by state executors to the liquidation manager in the manner prescribed by legislation. The fulfillment of all obligations of the debtor shall be allowed only within the framework of liquidation proceedings.