PART IXBANKRUPTCY

CHAPTER IBANKRUPTCY PETITIONS; BANKRUPTCY ORDERS

Creditor's petition

Expedited petition244.

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.