Bankruptcy Law

1. Secured financing shall not be obtained by the debtor after the initiation of any of the bankruptcy procedures except upon the court's approval, in accordance with this Law. 2. Unsecured financing shall not be obtained after the initiation of a liquidation procedure or a small debtors' liquidation procedure except upon the court's approval, in accordance with this Law. 3. Secured or unsecured financing shall not be obtained after the initiation of the administrative liquidation procedure. 4. Violation of any of the provisions of paragraphs (1), (2), or (3) of this Article shall render any action and effects resulting therefrom null and void. Article 183 Financing in the Protective Settlement Procedure and Financial Restructuring Procedure In a protective settlement procedure, small debtors' protective settlement procedure, financial restructuring procedure, and small debtors' financial restructuring procedure, a debtor may, after the initiation of the procedure, file a petition with the court for the approval of the secured financing, provided the petition is supported by an expert report. The court shall approve the petition if it is necessary for the continuation of the debtor’s business, or for the protection of the bankruptcy assets during such procedure.