DEBTOR REHABILITATION AND BANKRUPTCY ACT
CHAPTER II COMMENCEMENT OF INDIVIDUAL REHABILITATION PROCEDURES
조문단위인쇄
| Article 596 (Decision To Commence Individual Rehabilitation Procedures) |
| (1) | The court shall decide whether to commence individual procedures within one month from the date on which an application therefor is filed. |
| (2) | The court shall prescribe the matters falling under each of the following subparagraphs at the time that it decides to commence the individual rehabilitation procedures: |
| 1. | The period during which objections may be raised to individual rehabilitation claims (hereinafter referred to as "objection period"). In such cases, the period shall range from not less than two weeks to not more than two weeks from the date on which it is decided to commence the individual rehabilitation procedures; |
| 2. | The date on which the assembly of individual rehabilitation creditors is to be held. In such cases, this shall be a period ranging from not less than two weeks to not more than one month between such date and the end of the objection period. |
| (3) | The court may extend the date and the period referred to in each item of paragraph (2) on the grounds of special circumstance. |
| (4) | When a decision is made pursuant to the provisions of paragraph (1), the date and time shall be entered in a written decision. |
| (5) | The decision referred to in the provisions of paragraph (1) shall take effect from the time it is made. |