What happens if the Trustee fails to start selling the secured assets within 30 days of the bankruptcy declaration judgment against the debtor?
If the Trustee fails to commence the sale of secured assets within thirty (30) days following the date on which the bankruptcy declaration judgment is rendered against the debtor, the secured creditors shall be entitled to petition the Bankruptcy Court for permission to enforce their rights against their relevant securities, even if the securities have yet to be admitted.