Financial Restructuring and Bankruptcy Law — Article 213 — Article (213) Enforcement against the Secured Assets
Part Four: Common Provisions · Chapter One: Effects of Decision to Initiate the Proceedings
Creditors with secured debts may, after obtaining the permission of the Bankruptcy Court, initiate the enforcement proceedings against the assets that serve as security for their debts or exercise their rights stipulated in the contract. In which case, the sale may be made through the trustee and without the need to initiate enforcement proceedings.
Interpretation and application must be checked against the official text and current version.
