Lex Cameroon

Acte uniforme portant organisation des procédures collectives d'apurement du passif › Title 2 › Chapter 4 › Section 2

SECTION 83

Today
Where creditors do not file their claims within the period set forth in articles 78 and 79 above and were not released from their foreclosure, they shall not be included in the distributions and dividends. Their claims shall not be enforceable to the union and the debtor during the reorganization or assets liquidation proceedings, including during the execution of the judicial composition. Defaulting creditors may only be released from foreclosure by a reasoned decision of the receiver insofar as the claims status has not been determined and lodged under the conditions set forth in article 86 hereinafter and only if they are not responsible for the default. The release from foreclosure shall be formed only by a petition addressed to the receiver. Where the receiver releases the defaulting claimants from foreclosure, the court registrar shall check it in the statement of receivables. Costs of proceedings related to the release from foreclosure shall fully be borne bythe claimants. The defaulting creditors released from foreclosure may rank equally with other creditors only for the sharing of subsequent dividends to the decision on foreclosure release. P. 64 of 139
Unofficial translation Transcription: Spot-checked In force from 24-12-2015 Source page 63

The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision. How Lex Cameroon marks its texts →

Effects of reorganization opening on creditors Lodgement and verification of claims Preventive procedures

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Texte français

Official text Unreviewed pair

ARTICLE 83

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Section 83 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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