Article 782 — Sale and Distribution from the Proceeds of

Unencumbered Assets Where the trustee in bankruptcy decides to realize and distribute the proceeds of unencumbered assets before the sale of encumbered assets of the estate, secured and preferred creditors with verified and admitted pre- insolvency claims may participate along with unsecured creditors in proportion to the whole of their pre- insolvency claims, subject to the deductions set forth in Article 783 of this code.