1. If the debtor, before the bankruptcy declaration judgment becomes final, becomes able to repay all the debts owed thereby, the Court of Appeal may, upon motion of the debtor or the Trustee, grant the debtor a time limit to reach a settlement with its creditors or halt the appeal for the period it deems appropriate. If a settlement is agreed upon, it shall be submitted to the court for approval and cancellation of the bankruptcy judgment, provided that the debtor bears the expenses of the case. 2. In the event that the debtor does not reach a settlement agreement with the debtors within the period granted thereto by the Court of Appeal, the Court of Appeal shall issue its decision to dismiss the application referred to in Clause (1) of this Article. The period for challenging the bankruptcy declaration judgment begins from the day following the issuance of the dismissal decision, and the debtor or Trustee may not submit a new application in this regard.
Interpretation and application must be checked against the official text and current version.