Bankruptcy Law

1- The court shall, during the moratorium period, approve the petition for enforcement against bankruptcy assets, or the assets of the guarantor of the debtor’s debts offered as security if: a) enforcement does not affect the continuation of the debtor's business or obtaining the acceptance of creditors and owners of the proposal; or b) the rejection of such petition may cause substantial damage to the secured creditor rendering the debtor unable to compensate him therefor, and such damage outweighs any damage that may be sustained by the debtor and other creditors. 2 The court shall, during the moratorium period and in accordance with the Regulations, consider the petition of a creditor whose exact property is in the possession of the debtor. 3- Notwithstanding Article 18 of this Law, the court may, upon the petition of a person with interest, suspend the moratorium period for certain claims which were subject of a procedure prior to its commencement, if the court establishes that such action is in the interest of the debtor and the majority of creditors.