Financial Restructuring and Bankruptcy Law

Article 153 — Article (153) Enabling the Debtor to Pay Salaries and Periodic Installments

Part Three: Declaration of Bankruptcy · Chapter Four: Contracts

If the debtor has an obligation to pay a periodic salary for life or pay installments, and the same is in exchange for compensation, the Bankruptcy Court may, upon motion of the creditor, order, after hearing the opinion of the Trustee and within ten (10) days from the date of submitting the application, that a sufficient amount be set aside to pay the aforementioned salaries and installments, with an explanation of the payment method.

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