of December 30, 2014 No. ZR-253
About entering of amendment into the Law of the Republic of Armenia "About bankruptcy"
Accepted by National Assembly of the Republic of Armenia on December 17, 2014
Article 1. Part 2 of article 3 of the Law of the Republic of Armenia "About bankruptcy" of December 25, 2006 to add with ZR-51-N with Item 2.1 of the following content:
"2. 1) on own initiative (the statement for voluntary bankruptcy) if the obligations of the debtor which are subject to execution on public monetary claims exceed asset cost of the debtor - in case of the legal entity - by assessment which is carried out based on accounting rules in case of physical person or the individual entrepreneur - by assessment, assessment (balance sheet insolvency) which is carried out based on standards. The asset cost does not join asset cost on which according to the law collection cannot be turned.".
Article 2. This Law becomes effective for the tenth day after its official publication.
President of the Republic of Armenia
S. Sargsyan
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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