Article 677 — Effects of Invalidation

1/ The decision to invalidate a payment or an act shall have a retroactive effect. 2/ Where restitution in kind is not possible, the market value of the property shall be returned to the benefit of the estate. 3/ Where the property or right subject to invalidation has been transferred to third party, the cash equivalent of such property or right shall be returned to the estate at the prevailing market value at the time of the rendering of the judgment. 4/ The creditors affected by invalidation may submit their pre-insolvency claims arising from the invalidation provided that such submission is still possible in accordance with.