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Structural division: books › CHAPTER SEVEN
Article 797 — Closure by Reason of Absence of Claim Against the
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ After the deposit of the inventory of debts, the court may on the application of the debtor order the bankruptcy proceedings to be closed, where the debtor proves that he has paid all claims and all costs including the fees of the trustee in bankruptcy or that he has deposited with the trustee in bankruptcy an amount sufficient to meet all the stated payments.
2/ The court shall make its decision upon a report by the supervisory judge showing that the debtor has satisfied the requirements under Sub-Article
(1) of this Article 3 The judgment has the effect of bringing the bankruptcy proceedings to an end and restoring the debtor to his full rights.