RESUMPTION OF BANKRUPTCY PROCEEDINGS

(1)

Discontinued bankruptcy proceedings shall be resumed by court ruling provided within a year after such discontinuation:

1.

amounts allocated for contested claims are released;

2.

assets the existence of which was ignored during the bankruptcy proceedings are discovered.

(2)

Where the released allocated amounts and the newly-discovered assets are insufficient to cover the cost of proceedings, the court may refuse to resume the proceedings unless an interested party pays the necessary amount in advance.

Bankruptcy proceedings shall be resumed following a written application by the debtor or a creditor whose claim has been recognised or established by court.

(1)

The ruling to resume proceedings shall re-establish the rights of the receiver in bankruptcy and the Committee of Creditors.

(2)

Resumed proceedings shall recommence from the final distribution account, which is considered as partial.