If the debtor submits an application for initiation of the proceedings for the preventive settlement, or bankruptcy declaration during an emergency financial crisis, the Bankruptcy Court may admit the application and take whatever measures it deems appropriate, including proceeding with the proceedings without the need to appoint a trustee, provided that the debtor proves that the instability in respect of financial position or financial condition of the debtor arose due to the emergency financial crisis.
Interpretation and application must be checked against the official text and current version.