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Structural division: books › SECTION FOUR
Article 737 — Inventory of Debtor’s Property
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The trustee in bankruptcy shall prepare, with the assistance of the debtor, an inventory of the debtor’s property after having summoned the debtor by a registered letter or any other electronic means with a receipt of acknowledgment.
2/ During inventory, the debtor shall deliver to the trustee the list of creditors stating the amount of their claims, names and addresses, and the list of ongoing contracts as well as pending legal proceedings to which the debtor is a party.
3/ All property of the debtor that is sealed under Sub- Article
(1) of Article 730 or whose seal is removed under Article 734 of this Code shall also be verified.
4/ Goods placed under customs and warehouses shall receive special reference in the inventory.
5/ The trustee in bankruptcy shall retain an original of the list of the inventory.
6/ The trustee in bankruptcy may appoint an appraiser, an accounting expert, a public notary or any other qualified expert in order to prepare the inventory.
7/ The absence of an inventory may not preclude the exercise of actions of claims or refunds.