Encyclopedia
Bankruptcy
Bankruptcy - the recognition by an arbitration court or arising as a result of the completion of the out-of-court bankruptcy procedure of a citizen's inability to fully satisfy the claims of creditors regarding monetary obligations, regarding the payment of exit allowances and (or) the payment of wages of persons working or having worked under an employment contract, and (or) to perform the obligation to pay mandatory payments1.
Bankruptcy - the recognition of a debtor as bankrupt and the realization of his property for the purpose of repaying debts (ceased to be in force from 2021-07-01)2.
Federal Law No. 127-FZ dated 26.10.2002 "On Insolvency (Bankruptcy)", as amended on 2030-03-30, Art. 2 // RSFSR. 2002. No. 43. Item 4190. ↩
Federal Law No. 116-FZ dated 2005 "On Special Economic Zones in the Russian Federation", as amended on 2020-12-30, Art. 31.8, ceased to be in force from 2021-07-01 // RSFSR. 2005. No. 30. Item 3127. ↩