Article 201. Satisfaction by Court of Application and Introduction of Procedure for Restructuring Debt of Natural Person

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

A court ruling to satisfy an application for declaring a natural person insolvent and introducing a procedure for restructuring their debt shall be issued if such an application is filed on the grounds provided for in Article 196 of this Law, if signs of insolvency of a natural person are proven and at least one of the circumstances provided for in Article 200 of this Law has been committed.

The financial manager shall be appointed by the court from among the candidates proposed by a natural person or creditors or an authorized state body or a public association of court managers.

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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 201. Satisfaction by Court of Application and Introduction of Procedure for Restructuring Debt of Natural Person On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/201 (lex.uz/docs/6352957)