Financial Restructuring and Bankruptcy Law

Article 155 — Article (155) Determination of Living Expenses for the Debtor

Part Three: Declaration of Bankruptcy · Chapter Four: Contracts

The Bankruptcy Court may, upon motion of the debtor or its dependents and after hearing the Trustee's statements, determine living expenses for the debtor in respect of whose debt a decision to initiate bankruptcy proceedings has been issued, or may decide to entrust the management of its business and assets to a Trustee. The Court may also increase or decrease the living expenses amount or order its cancellation, as the case may be.

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