The distraining creditor who arranges for the removal of the assets with a view to their forced sale informs the creditors holding a published security interest in the same assets by registered letter with acknowledgement of receipt. Under penalty of nullity, this letter shall indicate the name and address of the official responsible for the sale and reproduce the following paragraph in very clear characters.
Within fifteen days of receipt of the letter, each creditor shall inform the ministerial official in charge of the sale of the nature and amount of his claim on the day of the removal. If no reply is received within the time limit, the creditor loses the right to participate in the distribution of the funds resulting from the forced sale, except to assert his rights to any balance remaining after distribution.