The Consumer Debt Clearance Statute Article 19

Before ruling on the application for rehabilitation or liquidation, the court may, on application of the interested parties or on its own initiative, make the following order of preservation by a ruling. 1. Disposition of preservation of the debtor's property.2. Restriction on the debtor's performance of debts and the creditors' exercise of claims against the debtor. 3. Suspension of the compulsory enforcement proceedings of the debtor's property. 4. Disposition of preservation of the beneficiary's or the acquiring person's property.5. Other necessary dispositions of preservation. Unless the initiation of the rehabilitation or liquidation process has been ruled on by the court, the disposition of preservation under the preceding Paragraph may not exceed 60 days. If necessary, the court may, on application of the interested parties or on its own initiative, extend such period once more for a further period of not more than 60 days. When the application for rehabilitation or liquidation is dismissed or if it is deemed necessary, the court may, on application of the interested parties or on its own initiative, change or revoke the disposition of preservation under paragraph 1 of this article. Before expiration of the period under paragraph 2 of this article, if the application for rehabilitation or liquidation is dismissed and such dismissal becomes final, the disposition of preservation under Paragraphs 1 and 3 shall be inoperative. The disposition of preservation under paragraphs 1 and 3 of this article shall be executed by the competent court on its own initiative by applying mutatis mutandis the provisions of the Compulsory Enforcement Act with regard to provisional seizure and provisional injunction.Public notice shall be effectuated for any ruling rendered under Paragraphs 1 to 3 of this article.