SECTION 148

The Bankruptcy Trustee may, with the authorization of the Judge Administrator make compromises or bargains on any issue concerning the body of creditors, even those relating to taxes and real property rights. Where the object of the compromise or bargain is of an unspecified value or falls outside the jurisdiction of the competent court of last resort, the compromise or bargain shall further be sanctioned by a decision of the competent court. In any case, the court registrar shall, three days before the decision of the Judge Administrator summon the debtor by registered mail or by any other means with written proof thereof stating the scope of the compromise or bargain envisaged, and the conditions and legal and economic reasons for such act.