Where the creditor holder of commitments jointly and severally subscribed by the debtor and
other joint debtors in a situation of reorganization or assets liquidation has received an advance
on his claim before the decision to open the proceedings, he shall be included in the union of
creditors only after deduction of such payment and shall retain, on the balance due to him, his
rights against the joint debtor or guarantor.
A joint debtor or the advance applied as partial payment shall be included in the same union for
all he has paid and what was to be borne by the debtor.
Unofficial translation
Spot-checked
In force from 10 September 2015
Source page 66