The Consumer Debt Clearance Statute Article 120
This English translation was last updated on 2018-12-26, but the Chinese text was amended on 2021-06-16. Later amendments may not be reflected in the translation — please refer to the Chinese text.
The resolution of the creditors' meeting shall be adopted with the consent of a majority of the attending creditors who have declared unsecured claims, if the amounts of claims represented by them has exceeded one-half of the total amount of the declared unsecured and non-preferential claims.In calculating the claims under the preceding paragraph, all inferior claims shall be deducted.
中文原文 消費者債務清理條例第120條
債權人會議之決議，應有出席已申報無擔保債權人過半數，而其所代表之債權額超過已申報無擔保總債權額之半數者之同意。
計算前項債權，應扣除劣後債權。
計算前項債權，應扣除劣後債權。