Bankruptcy Law

1. Creditors shall vote on the proposal in the manner specified therein after the owners, if any, have voted in its favor, in accordance with Article 130 of this Law. 2. The proposal shall be deemed approved if the creditors whose claims represent two-thirds of the value of voters’ debts vote in its favor, and such voters include creditors whose claims represent more than half of the debts of non-related parties, if any. 3. The Regulations shall specify the provisions necessary for the administration of the voting process referred to in paragraph (1) of this Article. 4. If the creditors fail to vote on the proposal on the set date, the court shall decide as it deems fit, including setting another date for voting or terminating the small debtors' protective settlement procedure. 5. The Regulations shall specify the manner for plan modification.