If the debtor is given formal notice or issued by a creditor called upon to the conciliation during efforts to reach an agreement as defined in article 5-3 above, the president of the court may, at the request of the debtor, and after receiving the opinion of the conciliator, defer the payment of sums due and order the stay of proceedings brought by a creditor. These measures shall expire automatically at the end of the conciliation, and in any case, at the expiry of the period stipulated in article 5-3, paragraph 1 above. The order of the president of the court imposing these measures shall be filed at the court registry and shall not be subject to any publicity. It shall be communicated to the creditor in interest, without delay, and shall remind him the confidentiality onus.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 20
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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