Where integrity is recognized, the following may be discharged:
-
any individual who has obtained a special arrangement from creditors and who has fully
paid up the promised dividends;
-
Any individual who proves that creditors have consented to full debt forgiveness or to
their unanimous consent to his rehabilitation.
Top executives of legal entities may also be rehabilitated:
-
Against whom reorganization or assets liquidation has been pronounced and who find
themselves meeting the conditions provided for in the first paragraph of Article 204 (1)
above, and
-
Against whom only personal bankruptcy has been pronounced where the legal entity in
respect of which reorganization or assets liquidation has been pronounced who find
themselves meeting the conditions provided for in the first paragraph of Article 204 (1)
above.
Unofficial translation
Spot-checked
In force from 10 September 2015
Source page 112