Within the period specified in Article 337, the composition court may, at the request of the debtor, extend the moratorium granted to him for a maximum of four months if the reasons that led to its granting are still continuing through no fault of his own.
To obtain an extension, the debtor must submit an amendment to the list of creditors to the composition court with his request and, if he is subject to the provisions on debt enforcement through bankruptcy, a new balance sheet.
The composition court shall give public notice to the creditors of the request for an extension and set them a deadline within which they may raise objections to the request in writing. If a commissioner has been appointed, he must be invited to submit a report.
After the deadline has expired, the composition court shall issue its decision. This is subject to the same appellate remedies as the emergency moratorium and public notice thereof must be given in the same way.
The supreme cantonal composition court shall decide on the basis of the files.
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