Article 219. Sale of Property of Natural Person

All property of a natural person from the moment of the decision to declare bankrupt a natural person and the sale of their property, identified or acquired after the start of this procedure, shall constitute the liquidation estate, with the exception of the property provided for in Article 52 of the Law of the Republic of Uzbekistan “On the execution of judicial acts and acts of other bodies”, and which cannot be forfeited.

If property that cannot be forfeited is included in the liquidation estate, at the request of a natural person or other persons participating in the insolvency case, this property shall be excluded from the liquidation estate by a court ruling. This ruling of the court may be appealed (protested).

At a reasoned petition of a natural person and other persons participating in the insolvency case, the court shall have the right to exclude property from the liquidation estate of a natural person, which, in accordance with the law, is levied on enforcement documents, and the funds received from its sale are not related to the satisfaction creditors' claims.

The liquidation estate may include the property of the debtor, who is a natural person, constituting their share in the common property in accordance with civil and family legislation. The creditor shall have the right to submit a claim for the allocation of the share of the debtor, who is a natural person from the common property.

From the date of recognition of the debtor, who is a natural person as bankrupt and the beginning of the procedure for the sale of his property:

all rights in relation to the property constituting the liquidation estate, including the right to dispose of it, shall be exercised only by the financial manager on behalf of the natural person;

transactions made by a natural person (without the participation of a financial manager) in respect of property constituting the liquidation estate shall be void. Claims of creditors under transactions of a natural person made by them personally (without the participation of a financial manager) shall not be subject to satisfaction at the expense of the liquidation estate;

previously imposed prohibitions on the property of a natural person and other restrictions on the disposal of the property of a natural person shall be removed;

accrual of forfeits (fines, penalties) and other financial sanctions, as well as interest on all obligations of a natural person, with the exception of current payments, shall be terminated.