The Trustee shall develop a plan to liquidate and distribute the debtor's assets to the creditors, provided that he completes the preparation of this plan and notifies the representative of the Creditors' Committee and members of the committee, the creditors thereof in the event that the Creditors' Committee is not formed, and the Bankruptcy Department and the Unit, where the debtor is supervised by the regulatory authority, within (30) thirty days from the date of the creditors' meeting. The Bankruptcy Court may, upon the Trustee's request, extend this period for a maximum of three (3) months.
Interpretation and application must be checked against the official text and current version.