The decision to open proceedings shall vest the body of creditors, with the right to a judicial
mortgage on the immovable property of the debtor and on the property he may acquire
subsequently which the court registrar shall be bound to register forthwith.
The mortgage shall be registered in accordance with the provisions relating to publication under
the land tenure ordinance. Each mortgage shall have a ranking from the day when it is taken out
on each of the debtor’s property.
The Bankruptcy Trustee shall ensure compliance with this formality and, where necessary, he
shall accomplish it himself.
Official translation
Spot-checked
In force from 10 April 1998
Source page 29