Article 54. Publication of Information On the Course of Insolvency Proceedings

Information on the course of insolvency procedures shall be subject to mandatory publication in the mass media.

Reimbursement of expenses related to the publication of information on the course of insolvency proceedings shall be carried out at the expense of the debtor's property, unless otherwise provided by this Law. If the debtor does not have property sufficient to cover the costs of publication, it shall be carried out in accordance with the decision of the meeting of creditors or the committee of creditors.

If the number of the debtor's creditors is more than fifty or their number cannot be determined, information on the commencement of each insolvency procedure applied to the debtor shall also be subject to mandatory publication in the mass media.

On the basis of a decision of a meeting of creditors or a committee of creditors, information subject to mandatory publication may also be published in other mass media.

Published information on the course of insolvency proceedings must contain:

name (surname, name, patronymic) of the debtor and its location (postal address), e-mail address (upon availability);

name of the court that adopted the judicial act, the date of adoption of such a judicial act and an indication of the name of the insolvency procedure introduced, as well as the number of the insolvency case;

surname, name, patronymic of the appointed judicial manager and their postal address, e-mail address (upon availability);

date set by the court for the next court session to consider the insolvency case;

information about the possibility of applying to the judicial manager of persons who have expressed a desire to pay off the debtor's debt;

other information in cases provided for by this Law.