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PART IXN.I.BANKRUPTCY

CHAPTER IN.I.BANKRUPTCY PETITIONS; BANKRUPTCY ORDERS

Creditor's petitionN.I.

Expedited petitionN.I.

244.  In the case of a creditor's petition presented wholly or partly in respect of a debt which is the subject of a statutory demand under Article 242, the petition may be presented before the expiration of the period of 3 weeks mentioned in that Article if there is a serious possibility that the debtor's property or the value of any of his property will be significantly diminished during that period and the petition contains a statement to that effect.