This book applies to sole traders with the status defined in section 3 of Chapter VI of Title II of Book V of the Commercial Code when the matter is referred to the overindebtedness commission under the conditions provided for in Title VIII bis of Book VI of the same code and subject to the reservations set out below.
The provisions relating to the debtor’s assets, rights and obligations must be understood as relating solely to personal assets. Those which concern the rights and obligations of the debtor’s creditors apply within the limits of the personal assets alone.
For the application of 1° of Article L. 724-1 and the second paragraph of article L. 742-21 of this code, non-professional assets essential to the debtor’s professional activity are not taken into account.