Article 205. Consequences of Introduction of Procedure for Restructuring Debt of Natural Person

From the day the court issues a ruling to satisfy the application for declaring a natural person insolvent and introducing the procedure for restructuring the debt of a natural person:

a moratorium shall be introduced on satisfying the claims of creditors for monetary obligations and arrears in taxes and fees;

monetary obligations of creditors, claims for the payment of taxes and fees (with the exception of current payments), as well as claims for recognition of the right of ownership, for the recovery of property from someone else's illegal possession and for the invalidation of transactions, as well as for the application of the consequences of the invalidity of void transactions can only be claimed in the manner prescribed by this Law;

previously established restrictions on the property of a natural person, which is banned, shall be removed, the imposition of a ban on the property of a natural person and other restrictions on their property can only be applied within the framework of a case on the insolvency of a natural person;

execution of executive documents shall be suspended, in particular executive documents on foreclosure on the property of a natural person, with the exception of executive documents on compensation for harm caused to the life or health of citizens, on the recovery of property from someone else's illegal possession, on the removal of bans on the possession of said property, on the recognition of the right for ownership of the said property, on the recovery of alimony, as well as on the recovery of the pledged property.

At the petition of a creditor or financial manager, the court shall have the right to take measures to provide the claims of creditors and the interests of a natural person in accordance with the Economic Procedure Code of the Republic of Uzbekistan, including imposing a ban on the disposal of part of the property of a natural person, including a ban on bidding in the form of an electronic online auction for the sale of property of a natural person.

The introduction of the procedure for restructuring the debt of a natural person shall be the basis for a unilateral refusal to fulfill the contract, which provided for the execution by a natural person of the requirements of the specified creditor in monetary form. The unilateral refusal of such agreements may be declared in the process of establishing the creditor's claims against a natural person.