Uzbekistan introduces bankruptcy procedure for individuals
By Trend
Uzbekistan introduced the bankruptcy procedure for individuals who lose their individual entrepreneur status.
The procedure is envisaged upon the Law on Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan in Connection with the Improvement of Tax Administration.
According to the amendments, an individual who has lost the status of an individual entrepreneur or who carried out entrepreneurial activity without state registration and who is unable to meet the claims of creditors may be declared bankrupt in the prescribed manner.
The law came into force on January 1, 2018.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!