1. The Trustee shall, within ten (10) days from the date of the creditors' approval or rejection of the liquidation and distribution plan, notify the Bankruptcy Department thereof. The plan that was presented to the creditors, minutes of creditor meetings and sheet of attendance and voting shall be attached to the notification. If the plan is approved, its approval shall be ratified by the Bankruptcy Court. 2. In the event that the creditors disapprove the liquidation and distribution plan, the Bankruptcy Court shall, not later than ten (10) days from the date of notifying the Bankruptcy Department thereof, assign the Unit, where the debtor is supervised by the regulatory authority, to make the necessary amendments to the plan, taking into account the creditors' comments and the opinion of the Trustee, in a way that achieves the common interest of the creditors or to submit an alternative plan within the time limit it specifies. 3. In all cases, the Bankruptcy Court shall issue its decision approving the liquidation and distribution plan within (10) ten days from the date of notifying the Bankruptcy Department thereof.
Interpretation and application must be checked against the official text and current version.