Article 146. Liquidation Estate

All assets of the debtor, regardless of whether they are shown in the balance sheets or not, shall be the basis for the formation of the liquidation estate.

The liquidation estate shall not include:

property owned by the debtor's employees by the right of private ownership;

property used by the debtor on a leasehold basis, which is in fiduciary management;

the object of pledge, including the pledged rights of claim and mortgage certificates, except for cases provided for in part one of Article 149 of this Law;

goods in the responsible custody of the debtor;

other property that is not the property of the debtor, in accordance with the legislation.

Social infrastructure facilities and public utility facilities owned by the State that are reflected on the debtorʼs balance sheet but have not been contributed to its charter fund (charter capital), as well as those provided to the debtor for use, shall, within one month from the commencement of the bankruptcy and liquidation proceedings, be transferred by the liquidation administrator at their residual value to the relevant local executive authorities and/or organisations according to their functional purpose.