Article 217. Early Termination of Procedure for Restructuring Debt of Natural Person

The court shall prematurely terminate the procedure for restructuring the debt of a natural person in the following cases:

presence in the plan and the documents attached to it of inaccurate information;

failure to fulfill the obligation of a natural person to notify creditors of significant changes in property status in the manner prescribed by the plan, if there are complaints (applications) of the creditor or the relevant authorized body;

non-fulfillment by a natural person of obligations to the creditor or the relevant authorized body, which are included in the plan.

In the cases provided for by part one of this article, the creditor or the relevant authorized body shall have the right to apply to the court for early termination of the procedure for restructuring the debt of a natural person.

Evidence confirming that copies of this application were sent to the persons participating in the insolvency case must be attached to the application of the creditor or the relevant authorized body on the early termination of the procedure for restructuring the debt of a natural person.

The application of the creditor or the relevant authorized body on the early termination of the procedure for restructuring the debt of a natural person shall be considered by the court within ten days from the date of receipt of this application.

If, when considering a complaint (application) of a creditor or the relevant authorized body for early termination of the procedure for restructuring the debt of a natural person, it is established that the natural person has not fulfilled its obligations to the creditor or the relevant authorized body in accordance with the terms of the plan for restructuring the debt of a natural person, the court shall decide on early termination of the procedure for restructuring the debt of a natural person and declaring a natural person bankrupt and initiating the procedure for selling their property.