SECTION 166

Proceeds from the sales of immovable property shall be distributed as follows: 1) to creditors with privilege provided for in articles 5-11, 11-1 and 33-1 above; 2) to creditors with court fees incurred for the purpose of the realization of a sold asset and the distribution of proceeds; 3) to creditors with super priority salaries in proportion of the value of the property in relation to the entire estate; 4) to creditors holders of a conventional or judicial mortgage and individual creditors registered within the statutory period, each according to the rank of his registration in the land register to creditors of the union as defined in article 117 above; 5) to creditors of the union as defined in Article 117 above; 6) to creditors with a general privilege according to the order established by the Uniform acton Security Interests, namely creditors with a general privilege subject to publicity, each according to the rank of registration in the Register of Commerce and Securities and to creditors with a general privilege not subject to publicity pursuant to the order laid down in article 180 of this Uniform act; 7) to unsecured creditors with an enforceable title; 8) To unsecured creditors devoid of an enforceable title. Where the proceeds are insufficient to fully pay off the creditors of any of the categories mentioned in points 1°, 2°, 4°, 5° and 6° of this Article and the said creditors have equal rank, the funds shall be distributed proportionately to their total debts.