Financial Restructuring and Bankruptcy Law

Article 159 — Article (159) Deducting Interests from Deferred Debt

Part Three: Declaration of Bankruptcy · Chapter Four: Contracts

The Bankruptcy Court may deduct from the deferred debt, for which no interest is stipulated, an amount equivalent to the legal interest for the period following the date of issuance of a decision to initiate bankruptcy proceedings until the date the debt becomes due.

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