If the debtor presents proposals for amicable sale, the distraining creditor who accepts them shall communicate the content thereof, by registered letter with acknowledgement of receipt, to the creditors who have seized the same property as a protective measure, either before the act of seizure or before the act of conversion, as the case may be. Under penalty of nullity, the letter shall reproduce, in very clear characters, the three paragraphs below.
Within a period of fifteen days from receipt of the letter, each creditor shall take a position on the proposals for amicable sale and shall inform the distraining creditor of the nature and amount of his claim.
In the absence of a response within the time limit, the creditor is deemed to have accepted the sale proposals.
If, within the same time limit, the creditor does not provide any indication of the nature and amount of his claim, he loses the right to participate in the distribution of the funds resulting from the amicable sale, except to assert his rights to any balance remaining after the distribution.