Article 774 — Submission of Claims Jointly and Severally

1/ Article 670 of this Code shall apply mutatis mutandis in bankruptcy proceedings. 2/ Any payment made by a guarantor in favor of the creditor shall be taken into consideration when calculating the final distribution. 3/ A creditor whose claim has been endorsed or guaranteed jointly and severally by several guarantors subject to insolvency proceedings may submit his pre- insolvency claim in all the proceedings for the nominal value of such pre-insolvency claim and share in the distributions in each proceedings until his claim is fully satisfied. 4/ Where a guarantor has paid a creditor but has not submitted his pre-insolvency claim in accordance with Sub-Article (1) of this Article, he shall not be admitted to distributions, save for the portion of the claim paid for which the creditor had been admitted