Question juridique clé
Admissibility of the civil appeal against the cantonal bankruptcy decision
Solution extraite
The appeal was inadmissible because it did not meet the statutory reasoning requirements and relied only on inadmissible new facts arising after the cantonal decision.
Motifs extraits
The appellant did not challenge the cantonal reasoning and based its submission solely on a post-judgment novum, namely later payments to other creditors. Such facts cannot be considered under Art. 99(1) LTF; thus the appeal lacked a proper legal argument under Arts. 42(2) and 106(2) LTF.