Given the creditors’ responses, the trustee shall complete, with the assistance of the debtor, the final proposed composition which includes:
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debt reductions accepted by creditors;
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payment deadline extensions accepted by creditors;
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Payment deadline extensions which may not exceed two (02) years for creditors who refused to extend any payment period.
The competent court may then give a ruling on the confirmation of the final composition, in accordance with the provisions of articles 126 and 127 above without creditors being called to vote.
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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Section 145-9 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif/akn/ohada/act/loi/2015-09-10/aupcap-2015
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