Article 25. Insolvency (bankruptcy) of an individual entrepreneur.

1. An individual entrepreneur who is not able to satisfy the claims of creditors related to his entrepreneurial activities may be declared insolvent (bankrupt) by a court decision. From the moment such a decision is made, his registration as an individual entrepreneur becomes invalid. 2. In carrying out the procedure for declaring an individual entrepreneur as bankrupt, its creditors for obligations not related to their entrepreneurial activity are also entitled to submit their claims. The claims of the said creditors, which were not declared by them in such a manner, remain valid after the completion of the bankruptcy procedure of the individual entrepreneur. 3. The claims of the creditors of an individual entrepreneur in the event of declaring him bankrupt shall be satisfied at the expense of the property belonging to him in the manner and in the order stipulated by the law on insolvency (bankruptcy). 4. After completion of settlements with creditors, an individual entrepreneur, recognized as bankrupt, shall be released from the performance of the remaining obligations related to his entrepreneurial activity, and other claims submitted for execution and taken into account when the entrepreneur is recognized bankrupt. The requirements of citizens to whom a person declared bankrupt is liable for causing harm to life or health, as well as other requirements of a personal nature, remain valid. 5. The grounds and procedure for declaring the individual entrepreneur a bankrupt or a declaration of bankruptcy by him are established by the law on insolvency (bankruptcy).

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Links to other articles of chapter 3. Citizens (individuals):
Article 17. Legal capacity of a citizen.
Article 18. The content of the legal capacity of citizens.
Article 19. Name of the citizen.
Article 20. Place of residence of a citizen.
Article 21. Capacity of a citizen.
Article 22. Inadmissibility of deprivation and restriction of the legal capacity and capacity of a citizen.
Article 23. Entrepreneurial activity of a citizen.
Article 24. Property responsibility of a citizen.
Article 26. The legal capacity of minors aged fourteen to eighteen years.
Article 27. Emancipation.
Article 28. The capacity of minors.
Article 29. Recognition of a citizen as incapable.
Article 30. Restricting the capacity of a citizen.
Article 31. Guardianship and trusteeship.
Article 32. Guardianship.
Article 33. Custody.
Article 34. Guardianship and Trusteeship.
Article 35. Trustees and trustees.
Article 36. Execution by guardians and trustees of their duties.
Article 37. Disposal of property of the ward.
Article 38. Trust management of the property of the ward.
Article 39. Release and removal of guardians and trustees from the performance of their duties.
Article 40. Termination of custody and guardianship.
Article 41. Patronage of capable citizens.
Article 42. Recognition of a citizen as missing.
Article 43. Consequences of recognizing a citizen as missing.
Article 44. Cancellation of the decision on recognition of a citizen as missing.
Article 45. Declaring a citizen dead.
Article 46. Consequences of the appearance of a citizen declared dead.
Article 47. Registration of acts of civil status.