SECTION 122

The Judge Administrator shall, within the period of fifteen days following the expiration of the time limit provided for in Article 88 above, refer the matter to the President of the competent court who shall have the court registrar summon, by notice published in newspapers and by individual letters, the creditors with claims which have finally or provisionally been admitted as unsecured claims. The following shall be attached to the said individual notice with Article 125 below reproduced in extenso: a statement drawn up by the Bankruptcy Trustee and deposited at the court registry showing the assets and liabilities of the debtor with a breakdown of his movable and immovable assets and preferential debts or secured and unsecured debts; - the final text of the debtor’s composition proposals with an indication of the guarantees offered and measures for recovery as provided in particular, in Article 27 above; - the opinion of the Controller, where one has been appointed; - an indication whether or not each creditor with a secured debt has made the declaration provided for in Articles 119 and 120 above and, where they have, the details as to the time limits and remissions granted. The need to call a meeting of members of the composition shall not arise in the case where the composition proposal does not comprise any request for remissions or request for time limits exceeding two years even where other legal, technical and financial measures as provided for in Article 27 above are proposed. Only the Bankruptcy Trustee, the Judge Administrator, the representative of the Legal Department and the Controller, where one has been appointed, shall be given a hearing.