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Structural division: BOOK THREE › party
Article 626 — Payment of Debts arising in the Ordinary Course
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The debtor shall pay all debts arising in the ordinary course of business, except for the claims already subjected to a single stay as provided for in Article 625 of this Code.
2/ Where the debtor anticipates that he will be unable to pay all debts arising in the ordinary course of business, the debtor shall file for the opening of reorganization proceedings.
3/ In case of cessation of payments, the debtor shall file for bankruptcy proceedings in accordance with sub article 2 of Article 705