SECTION 132

Bids shall be received by the debtor assisted by the trustee and communicated to the bankruptcy meeting which shall decide, under the majority conditions provided for in Article 125 above, to accept the most advantageous purchase offer. The competent court may ratify the partial assignment of asset sonly where: - proceeds shall be sufficient to pay creditors with special secured debts on the assigned assets, except when they reject that condition and accept the provisions of Article 168 hereinafter; - payment in cash or, in case where the buyer is granted extensions for payment, the said extensions shall not exceed two (2) years and shall be guaranteed by a joint suretyshipofa banking institution. The debtor shall, with the assistance of the trustee, complete all the assignment formalities. Where no bid is made before the bankruptcy meeting or is deemed satisfactory by the meeting, the debtor may withdraw his assignment offer. Where he maintains the offer, the assignment shall be carried out later under the conditions provided for in articles 160 and seq.hereinafter. P. 85 of 139