Where the judicial composition comprises offers for the total or partial assignment of assets, the deadline provided for in Article 122 (1) above for the convening of a bankruptcy meeting shall be one (1) month.
The total or partial assignment of assets may concern all or a number of tangible or intangible or movable or immovable property.
The assignment of a company or institution shall mean any assignment of assets that maybe operated autonomously so as to maintain an economic activity, jobs relating thereto and to pay off debts.
When the total or partial assignment of assets or a company or an institution is proposed in the judicial composition, the trustee shall draw up a descriptive statement of the personal and realassetsfor such assignment, a list of jobs attached to those assets, secured debts attached to them and the percentage of each asset in the assignment price. Such statement shall be appended to the individual notice provided for in Article 122 above.
The trustee shall be responsible for making these assignment proposals known, in particular through legal notices, as soon as they have been definitively adopted by the trustee and the debtor and approved by a decision ofthe receiver.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 84
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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