SECTION 149

Where authorized by the Judge Administrator, the Bankruptcy Trustee may, when clearing the debt, withdraw for the benefit of the body of creditors, the pledge or security given on the debtor’s property. Where, within a period of three months following the liquidation decision, the Bankruptcy Trustee has not withdrawn the pledge or security or initiated the procedure for the sale of the pledge or security, the pledgee or secured creditor may exercise or recover his right to take individual legal proceedings pending his report to the Bankruptcy Trustee. The Public Treasury, the customs services and security and social insurance institutions shall have the same right to the recovery of their preferential claims; they shall exercise this right under the same conditions as the pledgee and the secured creditor. Paragraph 1 Common provisions relating to the sale of immovable property