The following acts shall be unenforceable against the body of creditors where they are carried out during the suspect period:
1) gratuitous transfer of deeds of personal and real property;
2) any commutative contract in which the obligations of the debtor exceed significantly those of the other party;
3) any payment, irrespective of the method, of debts not due, except it is a payment of a trade negotiable;
4) any payment of due debts, made otherwise than in cash, trade negotiables, transfer, levy, payment card or credit card or legal, judicial or conventional set-off of debts having a connection between them or any other ordinary payment method or commonly accepted in business exchanges in the sector of activity of the debtor;
5) any real conventional security pledged as a collateral security for a debt previously contracted, unless it replaces a prior security interest of a nature and extension at least equivalent or that it is granted in pursuance of a previous agreement in insolvency;
6) Any provisional registration of a court-ordered conservatory mortgage or conservatory pledge.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 57
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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