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Structural division: books › CHAPTER FIVE
Article 772 — Creditors not having Submitted Pre-insolvency
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Creditors failing to submit their pre-insolvency claim within the specified period of time shall not share in any distribution, but they may lodge an objection until final distribution of the residue. [
2/ Any such objection shall not suspend any distribution authorized by the supervisory judge in bankruptcy proceedings; however, where further distributions are made, such creditors shall share therein to the extent of an amount provisionally fixed by the court and retained in reserve until adjudication upon their objection.