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Part 12 · International insolvency law  ›  Division 3 · Territorial insolvency proceedings relating to domestic assets › Section 355

Discharge of residual debt. Insolvency plan

(1) The proceedings on discharge of residual debt do not apply in territorial insolvency proceedings.

(2) An insolvency plan in which a deferral, a waiver or other restrictions on the rights of the creditors is provided for may only be approved in these proceedings if all the creditors concerned have agreed to the plan.

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