Where the proposed arrangementprovided for in article 13 has not been filed by the debtor at the time of the opening petition, it shall be drawn by him with the assistance of the expert in preventive settlements.
Such proposed shall prescribe measures and conditions envisioned for the restructuring of the debtor company, including the terms and conditions of debts settlement and, in particular, the request for time extensions and debt reduction, individuals required to execute the arrangement as well as, where applicable, collateral securities provided to ensure execution.
In any case, such draft shall identify requisites for establishing the financial and economic viability of the debtor.
P. 37 of 139 TITLE Ill: REORGANIZATION AND ASSETS LIQUIDATION
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 36
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 24-5 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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