Amends Act No. 18.175, Bankruptcy

Original Language Title: MODIFICA LEY N° 18.175, SOBRE QUIEBRAS

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"(Artículo 1°.-Introdúcense las siguientes modificaciones a la ley N° 18.175, sobre quiebras: 1) your article 123, be replaced by the following:" article 123.-Notwithstanding the provisions of the preceding article, the Board of creditors, with the favourable vote of more than half of the liability of bankruptcy with the right to vote and the failed, may agree, at any time "" , a different form of realization of goods of mass and the same modalities.
If the Board of creditors agreed to carry out the realization of assets at public auction and the highest bidder, it won't need to count on the vote of failed. The auction must be made before the judge who knows the bankruptcy.
Without prejudice to the provisions in the preceding subparagraphs, the trustee may formulate opposition founded on such an agreement, within the third day, and must resolve the judge, pursuant to article 5 of this law. "."
(2) replace its article 124, with the following: "article 124-creditors, having more than half of the total liability of bankruptcy, may agree to the alienation of all or part of the asset as a set or economical unit, at public auction and the highest bidder." This must be done before the judge who knows the bankruptcy.
Without prejudice to the provisions of the preceding paragraph, the trustee may formulate opposition founded on such an agreement, within the third day, and must resolve the judge, pursuant to article 5 of this law.
(((3) Introducense the following amendments to article 125: a) replaced its heading, with the following: "article 125.-on the bases of the alienation as economic unit it must pointed out, at least, the following:" b) deleted his number 3.
(4) be replaced with article 127, the following: "article 127-if offered the economic unit as with bases, there are interested parties, will again proceed to offer at public auction and the highest bidder, and may, in such a case, reduce the price up to two-thirds of that laid down in those." However, if it wishes to other modifications to the bases for this second appeal, there must be again approved by creditors on the terms indicated in article 124.
If there is not interested in a second chance, will continue the realization of assets compliant with relevant standards of this Act. "."