Article 243 of Bankruptcy Law

Goods, securities, equity interests, real estate and any other assets in the debtor’s possession by way of deposit, or for sale on behalf of their owner, or for delivery to that owner, may be recovered, provided that they exist in specie among the debtor’s assets. Money shall exist in specie among the debtor’s assets if it has been deposited with a financial institution in an account designated for the debtor’s customers. If the debtor has deposited the aforementioned assets with a third party, they may be recovered from that third party. If the debtor borrowed and pledged the aforementioned assets as security for that loan, and the lender did not know at the time of the pledge that the debtor did not own them, they may not be recovered until the debt secured by the pledge has been paid. The recovery applications provided for in this Chapter shall be submitted to the Bankruptcy Administration, accompanied by Law Index 1444 Home Page Bankruptcy Law Law No. 71 of 2020 Promulgating the Bankruptcy Law the documents demonstrating the recovery applicant’s entitlement to its request. The Bankruptcy Administration shall notify the debtor, the creditors, the trustee and the Bankruptcy Committee, if the indebtedness is subject to its supervision, of the application and its attachments within ten days from the date of its submission. Each of them may express its opinion on the application within ten days from the date of its submission, and the Bankruptcy Judge shall determine the application within ten days from the date of expiry of the period specified for responding to the application.