Article 147. Assessment of Debtor's Property
On insolvency (LRU-763-son) · Date: 12.04.2022 · In force
In the course of the liquidation procedure, the liquidation manager shall carry out an inventory and determine the value of the debtor's property. To carry out the said activities, the liquidation manager shall have the right to involve an appraisal organization and other specialists with payment for their services at the expense of the debtor's property, unless another source of payment is established by the meeting of creditors or the committee of creditors. When assessing the property of an enterprise, in the charter fund (authorized capital) of which there is a state share, the involvement of an appraisal organization shall be mandatory. The meeting of creditors or the committee of creditors of the debtor shall have the right to determine the person who, with their consent, shall be obliged to pay for the said services, with subsequent extraordinary reimbursement of expenses incurred by them at the expense of the debtor's property.
If in the course of liquidation proceedings payment is made with using immovable property, the said property shall be appraised by the appraisal organization prior to its sale, unless otherwise established by the meeting of creditors or the committee of creditors.
Assessment of the debtor's property, which is the object of pledge, shall be mandatory carried out by an appraisal organization.
