Article 197. Application for Recognition of Insolvency of Debtor who is Natural Person

On insolvency (LRU-763-son) · Date: 12.04.2022 · In force

In the cases provided for by paragraph two of part one of Article 9 of this Law, if the total amount of all obligations of a natural person is not less than two hundred times the size of the base calculation amount, the natural person, no later than thirty days from the date of the occurrence of such a circumstance, must apply to the court with an application for initiation of insolvency case against ownself.

An application for declaring a natural person insolvent may be filed with the court if there are signs of insolvency provided for in Article 195 of this Law.

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National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6352957

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Cite as: Article 197. Application for Recognition of Insolvency of Debtor who is Natural Person On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/197 (lex.uz/docs/6352957)