The competent court shall fix provisionally the date of insolvency, failing which it shall be
deemed to be the date of the court’s finding.
The date of insolvency may not precede the decision to commence proceedings by more than
eighteen months.
The competent court may modify, within the limits fixed in the preceding paragraph, the date of
insolvency by a finding made after the decision to commence proceedings.
A petition to have the date of insolvency fixed on a date other than that fixed by the decision to
commence proceedings or by a latter decision shall be inadmissible after the expiration of the
time for filing appeal provided for under Article 88 below. As from that day, the date of
insolvency shall no longer be changed.
Official translation
Spot-checked
In force from 10 April 1998
Source page 18