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District Court allowed an installment payment on amicable agreement in bankruptcy

... court of first instance was on the side of the debtor and provided an installment plan for the execution of the agreement. However, the appeal cancelled this decision with reference to the fact that the court had no right to make adjustments to the amicable agreement concluded between the parties. The judicial board of the District Court reminded its colleagues that the creditor, who owns more than 25% of the total amount of debts under the transaction, has the right to challenge and terminate the amicable agreement. The applicant in the present case owned a smaller share,...

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