Law No. 24.522. Modification.

Original Language Title: Ley Nº 24.522. Modificación.

Read the untranslated law here: https://www.boletinoficial.gob.ar/#!DetalleNorma/11492856/20160703

INSOLVENCY and bankruptcy contests and bankruptcy law 27170 law Nº 24.522. Modification. Adopted: 29 July 2015 promulgated: August 31, 2015 the Senate and Chamber of deputies of the Argentina nation gathered in Congress, etc. they attest to the force of law: article 1 - amending article 32 of law 24.522, which shall be drafted in the following way: verification process ' article 32.-request for verification. All creditors by cause or title prior to the presentation and its guarantors, should develop the request for verification of their claims, stating the amount, cause and privileges to the trustee. The request must be in writing, in duplicate, accompanying supporting titles, with two (2) signed copies and should express home that constitutes for all purposes of the trial. The receiver returns the original titles, leaving in them evidence of the request for verification and your date. You can require the presentation of the originals when deemed appropriate. The omission of present them without prejudice to the verification. Effects: The verification request produces the effects of lawsuit, interrupts the limitation period and prevents the forfeiture of the right and the instance. Tariff: Each request for verification of credit that arises, the creditor, be quick, incidental or late, you'll pay to the trustee a fee equivalent to ten per cent (10%) of the vital and mobile wage which will be added to such credit. The trustee will affect the received sum expenditure that the process of verification and preparation of the reports, with charge of timely accountability demands to the Court being the remnant as it joins on account of fees regulated by his performance. Excluded from the tariff to cause labor credits, and the equivalent of less than three (3) minimum wages vital and mobile, without the need for judicial declaration.'
Article 2 ° - amended article 200 24.522 law, which shall be worded as follows: ' article 200.-all creditors by cause or title prior to the Declaration of bankruptcy and their guarantors, should be made to the trustee request for verification of their claims, stating the amount, cause and privileges. The request must do is by written, in duplicate accompanied them titles supporting with two (2) copies signed; You must express the domicile, which constitutes for all purposes of the trial. The trustee returns them titles original, leaving in them constancy of the order of verification and its date.
https://www.boletinoficial.gob.ar/pdf/linkQR/U3BTZC9CYXp4aXRycmZ0RFhoUThyQT09 may require the presentation of the original, when it deems suitable. Failure to present them without prejudice to verification. Effects: the order of verification produces them effects of the demand judicial, interrupted the prescription e prevents the expiration of the right and of the instance. For each request for verification of credit that arises, the creditor, be quick, incidental or late, the trustee shall pay a fee equivalent to ten per cent (10%) of the vital and mobile wage which will be added to such credit. He trustee will affect it sum received to them expenses that you sue the process of verification and clothing of them reports, with charge of timely accountability of accounts to the judged, leaving the remnants as sum to has of fees to regular is by its performance. Excluded from the tariff to cause labor credits, and the equivalent of less than three (3) minimum wages vital and mobile, without the need for judicial declaration. Faculties of information: the trustee should be performed all the necessary modifications in the books and documents of the bankrupt and, as appropriate, of the creditor. You can also use all the elements of judgement which encourage useful and, in the event of refusal to supply them, request the judge the relevant measures. You must form and keep the bundles corresponding creditors requesting verification of their claims. In such bundles the Syndic must leave the constancy of them measures carried out. Period of observation of credits: expired the deadline to apply for verification of credits to the trustee by the creditors during the period of ten (10) days from the expiration date, the debtor and the creditors who have requested verification may attend the address of the trustee for the purposes of reviewing the bundles and formulate in writing the legal challenges and observations with regard to the requests made under the regime provided for in article 35. These challenges must be accompanied by two (2) copies and will add the corresponding file, delivering the trustee to the interested record attesting the receipt, indicating the date and time of the presentation. Within forty-eight (48) hours of period provided for in the preceding paragraph expires, the trustee shall submit to the Court a (1) set of copies of the complaints received for incorporation into the file provided for in article 279. The trustee must submit the reports referred to in articles 35 and 39 separately with regard to each of the broken. The provisions contained in articles 36, 37, 38 and 40 are applicable to this chapter.'
Article 3 ° - amending article 288 24.522 law, which will be drafted in the following way: Chapter IV small competitions and bankruptcy concept: article 288: for the purposes of this Act are considered small insolvency and bankruptcy, those in which arises, interchangeably either of these circumstances: 1. which reported liabilities does not reach the equivalent of three hundred (300) minimum wages of vital and mobile. 2 the process not found more than twenty 20) unsecured creditors. 3 that the debtor does not possess more than twenty (20) workers in relationship of dependency without https://www.boletinoficial.gob.ar/pdf/linkQR/U3BTZC9CYXp4aXRycmZ0RFhoUThyQT09 judicial statement.
Article 4 ° - contact the national executive power.
GIVEN IN THE CHAMBER OF THE CONGRESO ARGENTINO, BUENOS AIRES, TWENTY-NINE DAYS OF THE MONTH OF JULY IN THE YEAR TWO THOUSAND AND FIFTEEN.
-REGISTERED UNDER NO. 27170 - AMADO BOUDOU. -JULIAN A. DOMINGUEZ. -John H. Estrada. -Lucas Chedrese.

Date of publication: 08/09/2015 https://www.boletinoficial.gob.ar/pdf/linkQR/U3BTZC9CYXp4aXRycmZ0RFhoUThyQT09