1 The decision of the bankruptcy court may be contested within ten days by means of an appeal in accordance with the CPC350. The parties may assert new facts if these occurred before the decision of the court of first instance.
2 The appellate court may revoke the declaration of bankruptcy if the debtor provides credible evidence of his solvency and proves by documentary evidence that in the meantime:
1.
the debt, including interest and costs, has been repaid;
2.
the amount owed has been deposited with the superior court for transfer to the creditor; or
3.
the creditor no longer wishes to continue with the process of debt enforcement through bankruptcy.
3 If it grants the appeal suspensive effect, it shall at the same time take the necessary interim measures to protect the creditors.