SECTION 151

At the request of the Bankruptcy Trustee or the pursuing creditor, the Judge Administrator authorizing the sale of immovable property in pursuance of Article 150 above shall specify in his decision: 1° the reserve price of each of the property to be sold and the conditions of sale; where the sale is pursued by a creditor, the reserve price shall be determined in agreement with the pursuing creditor, after duly hearing the Bankruptcy Trustee. 2° the number(s) of land certificates and the location of the immovable property which are the object of the sale or, where it concerns immovable property which have not yet been registered, their precise description as well as a copy of the decision or act authorizing the pursuing creditor to request registration. 3° the modalities of publication, considering the value, nature and location of the property. 4° where necessary, the appointed notary. The Judge Administrator may specify that where the auction sale fails to attain the reserve price, the sale could be made at a lower reserve price which he shall fix. He may, where the value and substance of the property so justify, proceed to a total or partial valuation of the property.