State Codes and Statutes

Art. 3096. Duration of respite.

The time allowed to a debtor in a forced respite can not exceed three years; and if the majority of the creditors in number and in amount have granted to him more time, the creditors who are opposed to the respite may cause this delay to be reduced to the legal time, saving to the debtor the right, when it shall be expired, to call again these creditors in order to obtain a new delay, which, in this last case, shall be granted only, if all these creditors unanimously consent to it.

State Codes and Statutes

Statutes > Louisiana > Cc > Cc3096

Art. 3096. Duration of respite.

The time allowed to a debtor in a forced respite can not exceed three years; and if the majority of the creditors in number and in amount have granted to him more time, the creditors who are opposed to the respite may cause this delay to be reduced to the legal time, saving to the debtor the right, when it shall be expired, to call again these creditors in order to obtain a new delay, which, in this last case, shall be granted only, if all these creditors unanimously consent to it.