SECTION 88

Every creditor mentioned on the balance sheet and whose security is duly published or whose claim has been filed shall be admissible, during a period of fifteen (15) days with effect from the date of the publication in a newspaper empowered to publish legal notices or of receipt of the notice provided for in article 87 above, to formulate their opposition. The opposition shall be formed directly at the court registry or by an extrajudicial act addressed to the court registry by any means proving actual receipt by the addressee, sent to the court registrar against the decision of the receiver. This opposition shall have no admissibility if it is filed by a creditor whose claims or security has been discussed or disputed and who did not provide any explanations to the receiver within the deadline set in article 85 (2) above. The debtor or any interested party shall have the same right under the same conditions. The decision of the receiver shall be irrevocable for individuals who have not filed an opposition.