Article 819 — Trustee in Bankruptcy

1/ The court shall appoint a trustee in bankruptcy for the duration of simplified bankruptcy proceedings. 2/ Acting independently, the trustee in bankruptcy shall, among others, carry out the following tasks: a) notify the creditors the opening of simplified bankruptcy proceedings; b) verify the completeness and truthfulness of the information submitted to the court by the debtor, and report to the court any dishonest behavior of the debtor; c) selling all the debtor's assets by means of auction or individual sale, whichever is more efficient to maximize the purchase price; d) establish a list of creditors, which claims have been accepted, to be deposited with the court’s registrar; e) distribute the product of the sale among the creditors in accordance with their ranking in accordance with Article 786; f) establish a final report to the court summarizing the list of creditors, the sale of assets and the distribution of the proceeds. 3/ The trustee in bankruptcy shall complete the sale of all assets and the distribution of the proceeds within one year from the opening of proceedings. 4/ In furtherance to liability provisions in Article 614, the trustee in bankruptcy may engage his personal liability where he has not completed the sale of all assets and the distribution of the proceeds within one year from the opening of proceedings.