Financial Restructuring and Bankruptcy Law

Article 180 — Article (180) Implementation of Liquidation and Distribution Plan

Part Three: Declaration of Bankruptcy · Chapter Nine: Effects of Liquidation and Distribution Plan Approval

1. The Trustee may only pay the creditor's distribution share if the creditor submits the debt deed marked with a proof of being verified and accepted. The debt deed shall be marked with a note indicating the amounts paid. 2. If the creditor fails to submit the debt deed, the Bankruptcy Court may give that its debt be paid after verifying the acceptance of such a debt. 3. In all cases, the creditor shall mark a quittance on the distribution list.

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