After the settlement of claims and so long as the receivership proceedings are not closed by a
decision approving the composition agreement or the union of creditors by a decision taken
under the conditions laid down in Article 170 above, the competent court shall, at any time,
declare, at the request of the debtor or the Bankruptcy Trustee, or even on its own motion, closed
the collecting proceedings where there are no more debts due or where the Bankruptcy Trustee
has enough funds or where the sums due in capital, interest and expenses have been deposited.
Where a creditor dies, or is absent or refuses to receive his money, the said sum of money shall
be deposited into an account specially opened in a bank or post office or the Public Treasury;
proof of such deposit shall be as good as a receipt.
Creditors may not claim more than three years of interest accruing at the legal rate from the date
of the decision acknowledging the cessation of payments.
Closure shall be declared upon the report of the Judge Administrator acknowledging the
existence of the conditions provided for in paragraphs (1) and (2) of this article.
The decision shall be published as provided for in Articles 36 and 37 above.
Official translation
Spot-checked
In force from 10 April 1998
Source page 58