Once the judgment onassets liquidation is pronounced, the creditors shall form a union.
Unless already done pursuant to Article 124 above, the trustee shall, within one (1) month of
taking office, submit to the receiver a statement drawn up based on available information
containing an assessment of available or realizable assets, unsecured debts and debts guaranteed
by a real special security or a privilege with, in case of legal entity, all information on possible
pecuniary liability of its top executives(s).
When the judgment decrees the conversion of a reorganization to assets liquidation proceedings,
the trustee shall commence the liquidation operations at the same time that he completes, where
appropriate, the verification of claims and establishes the order of creditors. He shall continue
activities commenced before the decision to open the assets liquidation proceedings.
Unofficial translation
Spot-checked
In force from 10 September 2015
Source page 91