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Part 5 · Satisfaction of insolvency creditors. Discontinuation of proceedings  ›  Division 2 · Distribution › Section 195

Determination of fraction

(1) Following a proposal by the insolvency administrator, the creditors’ committee determines the fraction to be paid in the case of advance distribution. If no creditors’ committee has been appointed, the insolvency administrator determines such fraction.

(2) The administrator is required to notify such fraction to those creditors who have been taken into account.

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