What happens if the Court decides to declare the Debtor bankrupt and liquidate their assets according to Chapter Four of this Decree-Law?
In such a scenario, Creditors who have debts secured by movable or immovable assets will have priority over other preferential creditors and ordinary creditors. The priority will be determined proportionally based on the value of their securities. The preferential creditors will also be ranked in order of priority based on the provisions of this Decree-Law.