Article 234. Enforcement of Court Decision On Declaring Bankrupt and Initiating Liquidation Proceedings

A court decision on declaring an individual entrepreneur bankrupt and initiating liquidation proceedings and a writ of execution on foreclosure on the debtor's property shall be sent to the state executor for the sale of the debtor's property. For sale, with the exception of property not included in the liquidation estate in accordance with this Law, shall be subject:

all property of the debtor who is an individual entrepreneur;

property of the debtor, who is a natural person who has lost the status of an individual entrepreneur, acquired as a result of previous entrepreneurial activity. In this respect, the relevance of the property of a natural person to one acquired in their previous entrepreneurial activity or not related to the previous entrepreneurial activity shall be determined by the court.

Upon necessity to permanently manage the real estate or valuable movable property of the debtor, who is an individual entrepreneur, the court shall appoint a liquidation manager for the indicated purposes and determine the amount of remuneration for them. In this case, the property of the debtor, who is an individual entrepreneur, shall be sold by the liquidation manager.

The balance of funds on the bank account of the debtor, who is an individual entrepreneur, and plastic cards of the bank, monetary funds from the sale of property, as well as monetary cash shall be deposited in the deposit account of the court which has decided to declare the debtor, who is individual entrepreneur bankrupt.