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Structural division: books › CHAPTER FIVE
Article 769 — Submission of Claims in Respect of Bankruptcy
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Where the debtor is an entity with unlimited liability, debts verified and admitted in the firm's bankruptcy by the creditors of the entity shall be deemed to be verified and admitted in each of the partner's bankruptcy, where the partners of the entity are declared jointly with the entity.
2/ The firm's creditors may participate in all distributions until they are fully paid, without prejudice to claims as between the various bankrupt estates regarding over payment of contributions.
3/ Personal creditors of the partners may only claim in the estate of their debtors.
4/ Any creditor may contest preference with other creditors.