Skip to content
🇭🇹   BETA  ·  Istwanou is free during beta — free access continues until January 1, 2027 or when we reach 100,000 entries, whichever comes first.  ·  4,236 entries published  ·  95,764 entries away from the 100k milestone.       🇭🇹   BETA  ·  Istwanou is free during beta — free access continues until January 1, 2027 or when we reach 100,000 entries, whichever comes first.  ·  4,236 entries published  ·  95,764 entries away from the 100k milestone.       
You are offline — some content may not be available
213

Article 213

Des Faillites

Commercial Law
Titre IV: Des Faillites et Banqueroutes (On Bankruptcies and Fraudulent Bankruptcies)
Chapitre I: Des Faillites (On Bankruptcies)

L'article précédent ne peut déroger aux privilèges et hypothèques sur les meubles et immeubles; les privilégiés et hypothécaires conserveront leurs droits, et n'entreront, s'ils ne le veulent, dans aucune composition, à cause des sommes sur lesquelles ils auront privilèges et hypothèques.

Life lesson: Secured creditors can sit out the composition entirely — their liens and mortgages are untouchable.
Notes: Secured creditor protection: Art. 212 cram-down cannot affect privilèges/hypothèques. Secured creditors retain rights, may opt out of any composition for secured amounts. Priority preserved.
Share this article