Article 59 of Bankruptcy Law

Subject to the provision of Article 20 of this Law, the debtor shall attach the following to the application to commence preventive settlement proceedings: 1) The particulars, information and documents demonstrating that the conditions necessary for submitting an application to commence preventive settlement proceedings have been met. 2) A brief explanation of the preventive settlement proposal, specifying its terms, the manner of its implementation, guarantees for its implementation, if any, and the implementation timetable. 3) A summary of the contracts and agreements required to be signed between the debtor and the creditors to implement the preventive settlement proposal. 4) Classification of the creditors. 5) Where a creditors’ committee is formed according to the classification of creditors, the debtor shall attach a list of the members of that committee, stating the name of the representative of each class of creditors, their electronic and postal addresses and telephone numbers, and the documents demonstrating the appointment of those members and representatives and the limits of the authority delegated to them by the creditors. 6) The procedures for calling a creditors’ meeting to discuss the preventive settlement proposal, the manner of voting on it, and those entitled to vote. Chapter Two Effect of Issuance of the Decision to Commence Preventive Settlement Proceedings