Proceeds from assets realization, after making allowance for assets liquidation expenses and charges as well as financial relief granted to the debtor or his family, shall be distributed among all the creditors whose claim is verified and approved.
The share corresponding to claims admitted but not given final decision, including the compensation of the top executives of a legal entity insofar as a ruling has not been pronounced on their case, shall be kept aside.
Expenses and charges related to assets liquidation, including the trustee’s fees, shall be deducted from the assets in proportion to the value of each item of the assets in relation to the entire estate.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 98
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 165 of the Acte uniforme portant organisation des procédures collectives d'apurement du passif/akn/ohada/act/loi/2015-09-10/aupcap-2015
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