Article 706 — Judgment of Bankruptcy

1/ At first hearing, or, where appropriate, on receiving the report from the investigator under Article 591 Sub-Article (2) of this Code, the Court shall: a) declare the debtor bankrupt; b) appoint the supervisory judge in accordance with Article 605 of this Code; c) appoint the trustee in bankruptcy for the conduct of the bankruptcy proceedings in accordance with Article 610 to 616 of this Code; and d) fix the date of cessation of payments, where the date has not been fixed in the context of reorganization proceedings, in accordance with Article 591 of this Code. 2/ A judgment of bankruptcy against a business organization comprising joint and several liability partners shall result in the bankruptcy of partners; The assets of the firm and of the partners shall be dealt with separately and the bankruptcy proceedings shall be conducted separately.