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Article 25: Insolvency (banking) of a citizen

📅 Updated: 30.09.2026

1. A citizen who is unable to satisfy a creditor ' s claims under a monetary obligation and/or to perform an obligation to pay mandatory payments may be declared insolvent (bank) 2. Grounds, manner and consequences of the arbitral tribunal ' s declaring a national insolvent (bankroth), priority of satisfaction of creditors ' claims, procedure The insolvency (banking) of a national is governed by the insolvency (banking) law.