TITLE III: PRIZE DISTRIBUTION

If no objection or claim is lodged within fifteen days of receipt of the notification, the pursuing party or, failing this, any party to the proposed distribution shall apply to the court for its approval. On pain of inadmissibility, the application must be made within one month of the expiry of the previous time limit. The enforcement judge confers enforceability on the proposed distribution after verifying that all creditors who…

If the proposed distribution is contested, the petitioner summons the creditors involved in the proceedings and the debtor. The interested parties are brought together within a period of between fifteen days and one month following the first challenge.

If the creditors party to the proceedings and the debtor reach an agreement on the distribution of the price and, where Article R. 331-3, on the release of registrations and publications, a report is drawn up signed by the creditors and the debtor.

The notifications and summonses to which this chapter gives rise shall be made in accordance with the rules governing notifications between lawyers, except in the case of a debtor who has not constituted a lawyer.Article 652 of the Code of Civil Procedure is applicable.

The applications referred to in articles R. 332-6 and R. 332-8 must be accompanied by: 1° A mortgage statement dated after publication of the sale; 2° Proof of receipt of the proposed distribution; 3° The proposed distribution or the minutes of the agreement containing, where applicable, authorisation to release the registrations and to cancel the summons to pay in lieu of seizure; 4° The statements of registrations provided for in…