Cap. 16 Art. 1700Court may grant time.

(1) In the cases mentioned in paragraphs (a), (b) and (c)

of the last preceding article, the court may grant to the debtor a reasonable time within which to give the security promised, or to substitute other security for that which has failed, or to pay the annuity fallen due, and thus release himself from the obligation of redeeming the annuity.

(2) Such time cannot exceed the period of two months which may, for just cause, be extended to a further period of two months only.

(3) The provisions of article 1520 shall also, in the cases provided for in this article, apply to any other creditor of the debtor, and to any other party interested.