1. Only creditors whose debts are approved, even temporarily, may engage in voting on the liquidation and distribution plan. The liquidation and distribution plan shall have met the approval of the creditors if approved by the required majority. 2. If the liquidation and distribution plan is not approved by the required majority at the first meeting of creditors, the meeting shall be postponed for a period of (10) ten days for a second meeting to be held to vote on the plan. 3. If a settlement is not reached with the creditors who disapprove to the liquidation and distribution plan, and the plan is not approved by the required majority at the postponed meeting, the same shall be considered a rejection of the liquidation and distribution plan.
Interpretation and application must be checked against the official text and current version.