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Structural division: BOOK THREE › party › SECTION TWO
Article 663 — Creditors Exempted from Submission of Pre-
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The following creditors shall be exempted from submitting pre-insolvency claims:
a) employees of the debtor who claim unpaid salary or any other payment arising from employment contracts;
b) government organs claiming payment of taxes and duties;
c) creditors whose total amount of pre-insolvency claims is less than one thousand (1000) Birr.
2/ the supervisor in reorganization shall verify and admit such claims by reviewing the debtor’s financial statements, pay roll and other relevant documents; where the supervisor in reorganization is unable to verify the claims under Sub-Article (1), he may require creditors to submit evidence supporting their claims.