SECTION 288

The higher bid shall be filed at the registry of the court which ordered the sale or before the named notary public either by the higher bidder himself or through counsel who shall act on his behalf. It shall be entered without delay in the register kept for terms of reference. The higher bidder or his counsel shall be required to disclose the higher bid within five days of the declaration, to the person to whom the property was adjudicated, the pursing creditor and to the distrainee. The disclosure shall be entered in the register kept for terms of reference within a period of five days. Where the higher bidder fails to make the disclose or to enter same in the register kept for terms of reference within the time limit, the pursing creditor and the distrainee or any creditor who has been registered or summoned may make the disclosure and enter same in the said register within five days of expiry of the afore mentioned time limit; the costs shall be borne by the negligent higher bidder. The disclosure shall be made by extra judicial act without the obligation to collect a copy of the declaration of the higher bid. The act shall give the date of the contingent hearing during which objections relating to the validity of the higher bid shall be heard. The hearing may not be scheduled before the expiry of a period not exceeding twenty (20) days from the date of disclosure. It shall also give the date of the new auction sale, which may not take place earlier than thirty (30) days from the date of the contingent hearing.