Once the judgment onassets liquidation is pronounced, the creditors shall form a union.
Unless already done pursuant to Article 124 above, the trustee shall, within one (1) month of
taking office, submit to the receiver a statement drawn up based on available information containing an assessment of available or realizable assets, unsecured debts and debts guaranteed by a real special security or a privilege with, in case of legal entity, all information on possible pecuniary liability of its top executives(s).
P. 92 of 139 When the judgment decrees the conversion of a reorganization to assets liquidation proceedings, the trustee shall commence the liquidation operations at the same time that he completes, where appropriate, the verification of claims and establishes the order of creditors. He shall continue activities commenced before the decision to open the assets liquidation proceedings.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 91
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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