Purchase offers shall be received by the debtor assisted by the Bankruptcy Trustee and brought
to the knowledge of the assembly of creditors who shall decide by majority of members as
provided for in Article 125 above to accept the most advantageous offer.
The competent court may approve the partial transfer of assets only:
- where the price is enough to pay off creditors with special secured debts on the property
transferred, except in the case where they waive this condition and accept the provisions of
Official translation
Spot-checked
In force from 10 April 1998
Source page 46