The Bankruptcy Department shall refer the file of the application for the initiation of proceedings to the Bankruptcy Court within (10) ten days from the date of submitting the file to issue a decision to initiate bankruptcy proceedings. A report of the proceedings undertaken with regard to the application since its submission until the issuance of the decision to initiate the proceedings shall be recorded in the file, with a statement of the factual and legal justifications for the decision.
Interpretation and application must be checked against the official text and current version.