Third-party Protest in Bankruptcy Order from a Judicial Perspective

The T-law, in Article 536 of the Commercial Code, considers the bankruptcy order, as well as the decree on the date when the bankrupt has ceased to be bankrupt, on the date of the issuance of the warrant, within the prescribed. By specifying the declaration of bankruptcy in Article 537 of that law, The judicial procedure, also on the basis of the declarative character and the final clause of Article 538 of this law, on the definitive and non-objectionable nature of the bankruptcy judgment after The third party's objection to such sentences is to waive the provisions of Articles 417 to 425 of the Civil Procedure Law and is uncontested. Although, in some cases, courts of third-party protest accept a bankruptcy order and, in the case of objectionable reasons, violate the vote. Nevertheless, due to the quality of the proceedings and the issuance of a bankruptcy order, it can be argued that the third party's protest is subject to bankruptcy; however, it is possible within the time limits set forth in Article 537 of the Commercial Code.