Question juridique clé
Whether N.________ had standing to appeal the bankruptcy-closing judgment on behalf of the bankrupt company or its shareholders.
Solution extraite
She had no standing to act either personally or as representative of the shareholders; the appeal was therefore inadmissible.
Motifs extraits
No document established that she was a shareholder or authorized to represent shareholders. In any event, under Art. 240 LP, the bankruptcy administration exclusively represents the estate and litigates for it; shareholders cannot appeal in place of the company.