Article 746 — Compromise or Settlement

1/ The supervisory judge may, in consultation with the creditors’ committee and, after having heard the bankrupt debtor or in his absence after having been summoned by a registered letter or any other electronic means with a receipt of acknowledgment, authorize the trustee in bankruptcy to compromise or settle in respect of any claim concerning the bankrupt estate. 2/ Any compromise or settlement exceeding one hundred thousand birr shall be ratified by the court after having heard the debtor’s observations.