Article 236. Procedure for Satisfying Creditors' Claims

Until the creditors' claims are satisfied, the funds deposited in the deposit account of the court shall cover the costs associated with the consideration of the insolvency case and the execution of the court decision on declaring the debtor, who is an individual entrepreneur, insolvent, the claims of citizens for compensation for harm caused to life or health in accordance with the legislation.

Creditors' claims shall be satisfied in the following priority:

in the first place — claims for the recovery of alimony, as well as claims providing for settlements of wages and remuneration under copyright agreements;

in the second place — claims for taxes and fees, claims of creditors secured by a pledge, in terms of uncovered debt due to the insufficiency of the amount received from the sale of the pledged property (subject of pledge), and claims of creditors not secured by pledge;

in the third place, settlements with other creditors shall be made.

The claims of each queue shall be satisfied after the claims of the previous queue are fully satisfied.

If there are not enough funds in the deposit account of the court, these funds shall be distributed among the creditors of the corresponding order in proportion to the amount of their claims.