Article 5. Signs of Insolvency

Signs of insolvency shall be deemed:

temporary insolvency — the inability of the debtor to satisfy the claims of creditors for monetary obligations and (or) to fulfill their obligations for taxes and fees as of the date of applying to the court, if the debtor has not fulfilled the relevant obligations within three months from the date of occurrence, and by the city-forming enterprise and enterprises equated to it — not fulfilled within six months;

permanent insolvency — if the debtor's obligations exceed the value of their assets on the date of filing an application with the court and in the reporting period at the beginning of the year in which the application was filed, and in the reporting period at the beginning of the previous year, if the application was filed by the debtor in the first quarter of the year.

The rules provided for by this article shall not apply when considering cases of insolvency in a simplified procedure, insolvency of natural persons, as well as an individual entrepreneur.