Article 634 — Conversion of Preventive Restructuring

1/ At the request of the debtor, the Court may convert preventive restructuring proceedings to reorganization proceedings or bankruptcy proceedings, where at the end of preventive restructuring proceedings, no restructuring plan has been agreed upon among the parties. 2/ Acting on its own motion, the Court may convert preventive restructuring proceedings to bankruptcy proceedings where: a) the restructuring plan has been rejected by the Court; or b) the restructuring plan has been set aside. 3/ At the request of the debtor, the Court may convert preventive restructuring proceedings to reorganization proceedings where the expert in the field of restructuring has received an offer for the purchase of the business as a going-concern in accordance with Article 689 of this Code.