The Consumer Debt Clearance Statute Article 152

The requested financial institution under Paragraph 1 of the preceding Article shall, within seven days from the day following the conclusion of negotiation, submit the proposal for repayment of debts to the competent court at the place where the financial institution is located for review and approval, unless the parties have requested the notary public to make a notarial deed for the proposal for repayment of debts in accordance with the provision of paragraph 1 of Article 13 of the Notarial Act. The court shall review the proposal for repayment of debts under the preceding Paragraph as soon as possible, and shall approve it if it does not contradict applicable laws and regulations. The court shall deny the proposal if it contradicts applicable laws and regulations.No appeal may be taken from a ruling under the preceding paragraph. After the court's approval, the proposal for repayment of debts may serve as the enforcement title.