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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 Art. 527The bankruptcy trustee shall render accounts.

Title V

In KraftAmtlicher Text

(1) The bankruptcy trustee shall, within fourteen (14) days subsequent to the approval of the debt agreement, or, where relevant, from the date of the completion of the last of those terms of the debt agreement which require the intervention of the bankruptcy trustee, render his final account, and may be compelled to render such account at the instance of the bankrupt or of any other interested party.

(2) The bankruptcy trustee shall, within a period of fourteen

(14) days from the date of delivery of his final account, deliver to the bankrupt or to the person appointed under the debt agreement, all the bankrupt’s property, books, records and other papers or effects, in accordance with the terms of the debt agreement.

(3) Without prejudice to the requirements of sub-article (1), the bankruptcy trustee shall, every six (6) months, that shall be reckoned from the date of confirmation of the debt agreement, until the date of the submission of final accounts referred to in sub-article (1), present an interim report to the court of all activities conducted by the bankruptcy trustee, during the relevant period. The court shall, upon receipt of the report, assess the extent to which the bankruptcy trustee’s functions are being conducted in a manner consistent with the object and purpose of his appointment, and the court shall, where necessary, give such orders as required to ensure the swift and effective execution of the terms of the debt agreement.