CC 3085 - Voluntary and forced respite. - Louisiana Statutes

Art. 3085. Voluntary and forced respite.

The respite is either voluntary or forced.

It is voluntary when all the creditors consent to the proposal, which the debtor makes, to pay in a limited time the whole or a part of his debt.

It is forced when a part of the creditors refuse to accept the debtor's proposal, and when the latter is obliged to compel them by judicial authority to consent to what the others have determined in the cases directed by law.