A Sole Proprietor Uses Citizen Bankruptcy with Additional Business Rules
| Block | Review | Risk |
|---|---|---|
| Sole proprietor status | Registration and cessation dates | Wrong filing process |
| Business debts | Tax, rent, suppliers and employees | Omitted creditor |
| Personal debts | Loans, guarantees and utilities | Incomplete registry |
| Property | Personal and business-use assets | Concealment |
| Licences | Regulated activity | Cancellation on judgment |
Fix status at filing
Obtain a current business-register extract and review licences.
Reconcile all debts
Personal and business labels aid analysis but do not create two debtors.
Publish intention on time
Evidence the active proprietor’s fifteen-day notice period.
A Bankruptcy Judgment Terminates Active Sole Proprietor Registration
Article 216 of Federal Law No. 127-FZ links the bankruptcy and asset-realization judgment to termination of registration and cancellation of licences. After completion, a five-year restriction applies to entrepreneurship and management of most legal entities unless a statutory exception applies. Discharge follows Article 213.28: tax or business origin alone does not remove the general framework, but personal, current and other surviving claims need separate review. Use one chronology for every conclusion: proprietor status, debt creation, transaction, petition acceptance, bankruptcy judgment and completion. Business-register, insolvency-register, tax, bank and court records must relate to the specific event. A search result saying “bankrupt” does not show whether the court applied Article 216 consequences, so read the full operative order. Before filing, retain primary records, accounting exports and counterparty correspondence. Reconstructing data is harder after account restrictions or loss of access. Do not promise off-priority payment or backdate documents that did not exist; those steps weaken the evidence and may affect discharge.