Question juridique clé
Whether bankruptcy creditors were entitled to complain that the auction notice violated Arts. 151 and 153 DEBA because no valid payment order had been served on the third-party owner.
Solution extraite
No. The complainants lacked standing to invoke these provisions in order to stop the auction.
Motifs extraits
Protection under the rules on pledged-property enforcement belongs to the debtor and, where applicable, the third-party owner of the pledge, not to other bankruptcy creditors. The parcels were formally owned by the purchaser and were to be realized in a separate enforcement proceeding outside the bankruptcy estate.