Section 3: Liquidation of the debtor's assets

The protection litigation judge or, where applicable, the judge responsible for property seizures draws up the distribution statement and rules on the distribution costs. Where applicable, he will order the cancellation of the mortgage registrations on the property. An appeal against the judgment establishing the statement of distribution has suspensive effect. A copy of the judgment is sent to the court. A copy of the judgment is sent to the…

The Caisse des dépôts et consignations shall, at the request of the liquidator, pay the creditors and, where applicable, the debtor, within one month of the notification made to it by the liquidator, as the case may be, of the approved draft distribution or of the enforceable minutes or an enforceable copy of the decision approving the statement of distribution.

If a letter of notification is returned to the liquidator but cannot be delivered to its addressee, the liquidator shall proceed by way of service.

In the départements of Bas-Rhin, Haut-Rhin and Moselle, the apportionment of the price of a property sold by auction is subject to the provisions of Chapter IV of Title V of the loi du 1er juin 1924 mettant en vigueur la législation civile française dans les départements du Bas-Rhin, du Haut-Rhin et de la Moselle, à l’exception des dispositions faisant référence à la production des créances.

Within three months of the liquidation of the debtor’s assets, the liquidator shall file a report with the court registry in which he shall detail the operations of realizing the assets and distributing the price.