No later than one hundred and twenty (120) days after the opening or decision on the simplified liquidation of assets, the competent court shall pronounce the close of the liquidation of assets, after hearing or duly calling the debtor.
The competent court may, by a specially reasoned decision, extend the duration of the simplified liquidation of assets proceedingsfor a period not exceeding sixty (60) days.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 105
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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