A debtor who, through no fault of his own, is unable to fulfil his obligations as a result of the circumstances referred to in Article 337 may request an emergency moratorium from the composition court for a maximum of six months, provided there is a prospect that he will be able to satisfy his creditors in full at the end of this moratorium.
To this end, the debtor must submit an application to the composition court with the necessary evidence of his financial situation and a list of his creditors; he must also provide all the information requested by the composition court and submit any other documents that are still required of him.
If the debtor is subject to the provisions on debt enforcement proceedings through bankruptcy, he must also submit a balance sheet and his business records with the request.
After the request has been filed, the composition court may issue an interim order suspending the pending debt enforcement proceedings, except for the debts specified in Article 342. It decides whether and to what extent the period of suspension is to be counted towards the duration of the emergency moratorium.
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