Bankruptcy Law

1. The debtor’s management of his business shall be suspended immediately after the appointment of a trustee. 2. The trustee shall replace the debtor in the management of his business and the fulfillment of his statutory duties during the procedure. The trustee shall not be held liable vis-a-vis third parties for the actions taken in such capacity. 3. Any disposition of any of the bankruptcy assets by the debtor after the appointment of the trustee shall be deemed null and void. The court may order the recovery of said bankruptcy assets from third parties or take any other action, without prejudice to the rights of bona fide third parties. An aggrieved party may file a claim for compensation. 4. The trustee shall notify the debtor of any summons, notice, or order concerning him issued by the court or any other competent authority.