Article 86. Analysis of Financial Condition of Debtor

An analysis of the financial condition of the debtor shall be carried out in order to determine the sufficiency of the debtor's property to cover court costs, the costs of paying remuneration to judicial managers, as well as the possibility or impossibility of restoring the debtor's solvency.

The temporary manager shall prepare proposals on the possibility or impossibility of restoring the debtor's solvency, substantiating information on the advisability of introducing subsequent insolvency procedures, based on the analysis of the financial condition of the debtor, including the results of the inventory of the debtor's property, if available, and the analysis of documents certifying the state registration of property rights.

Based on the results of the financial analysis, the temporary manager shall draw up one of the following conclusions on the financial condition of the debtor:

on failure to establish signs of insolvency;

on the existence of grounds for the introduction of one of the procedures for restoring solvency, if signs of temporary insolvency are revealed;

on the presence or absence of the possibility of restoring solvency, if signs of permanent insolvency are revealed.

The procedure for determining the financial condition of the debtor shall be established by the Cabinet of Ministers of the Republic of Uzbekistan.

A temporary manager may involve a specialized organization to determine the financial condition of the debtor.