The Bankruptcy Department shall perform the following functions: 1. To receive and register the applications to be received according to the provisions of this law; 2. To serve notices to the interested persons according to the provisions of this law; 3. To ensure that the applications for preventive settlement,, declaration of bankruptcy and others types of applications satisfy the information, data and documents described in this law; 4. To notify the interested persons of the decisions to be issued by the Bankruptcy Court under this law and announce the same; 5. The oversee the management of the debtor's assets and business, ensure the speedy progress of proceedings and enforce the necessary precautionary measures established by the Bankruptcy Court, as described in this law; 6. To meet the creditors in order to discuss with them any matters considered by the Bankruptcy Court. Such meetings shall be chaired by the Head of the Bankruptcy Department or his designee; 7. To summon the debtor or his heirs, clients, employees or any other person in order to hear their statements on any matter related to the debtor's debts, assets or business; and 8. To perform any other functions defined in this law or entrusted thereto by the head of the competent judicial authority.
Interpretation and application must be checked against the official text and current version.