1. Composition may be established in respect of a debt after a final judgment declaring the debtor bankruptcy is rendered, in accordance with the provisions of Articles (192) through (200) hereof, but no composition may be established with an insolvent debtor who has been sentenced to bankruptcy fraud. 2. If investigation is conducted with an insolvent debtor on the grounds of a bankruptcy fraud crime, the consideration of composition shall be adjourned. 3. Conviction sentence rendered against the insolvent debtor on the grounds of bankruptcy by default shall not preclude composition with it. 4. If investigation is conducted with an insolvent debtor on the grounds of bankruptcy by default crime, the creditors may petition the court to either consider the composition application or postpone consideration of the composition application.
Interpretation and application must be checked against the official text and current version.