Article 85 of Bankruptcy Law

Any affected creditor who did not vote in favour of the preventive settlement proposal may submit a grievance to the Bankruptcy Administration against the creditors’ flight approving the proposal for this settlement within ten days from the date of the creditors’ meeting at which approval was decided, if the creditor attended that meeting and rejected the proposal or had been notified of the date of that meeting and failed to attend with an acceptable excuse, or from the date on which the Bankruptcy Administration notified the creditor of the creditors’ approval of the preventive settlement proposal if he did not attend the creditors’ meeting because he had not been notified of its date. The bankruptcy judge shall determine the grievance in the same decision issued ratifying the preventive settlement proposal. If the grievance is accepted, the bankruptcy judge may suspend ratification of the proposal to correct the invalid procedure or amend the proposal, or refuse to ratify it. If ratification is refused, the bankruptcy judge shall, within ten days from the date of notification of the Bankruptcy Administration, issue a decision terminating the preventive settlement proceedings and closing the application. He may, upon an application by the debtor, the regulatory body or the creditors, that a decision opening restructuring proceedings or declaring bankruptcy, as he deems appropriate to the debtor’s situation and the creditors’ interests.