Article 30. Insolvency Procedures

On insolvency (LRU-763-son) · Date: 12.04.2022 · In force

When considering a case on the insolvency of a debtor which is a legal entity, the following procedures shall be applied:

observation;

judicial rehabilitation;

external management;

liquidation proceedings.

When considering a case on the insolvency of a debtor who is a natural person, the following procedures shall be applied:

debt restructuring;

bankruptcy and sale of property.

When considering a case on the insolvency of a debtor who is an individual entrepreneur, the procedure of liquidation proceedings shall be applied.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6352957

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Cite as: Article 30. Insolvency Procedures On insolvency (LRU-763-son). neolex.uz/en/laws/law-5957616/30 (lex.uz/docs/6352957)