§ 10-18-17. Duration of proceedings.
(a) Receivership proceedings under this chapter shall continue during the pendency of the plan or until all debts of the debtor are sooner paid or these proceedings are sooner terminated as provided in this chapter.
(b) Upon termination of these proceedings, the court shall discharge the receiver and notify the debtor’s employer who had been subject to an assignment of wages under this chapter that the debtor is no longer subject to such assignment. The receiver shall return to the debtor all assignments received by him or her under this chapter marked “Cancelled.”
(c) If any claim covered by the plan is unpaid in whole or in part at the termination of the plan, all interest accrued during the pendency of these proceedings and unpaid shall be added to the principal amount of the debt, but that interest shall not bear additional interest thereafter.
History of Section.P.L. 1972, ch. 186, § 1.
Structure Rhode Island General Laws
Title 10 - Courts and Civil Procedure – Procedure in Particular Actions
Chapter 10-18 - Wage Earner Receivership
Section 10-18-1. - Short title.
Section 10-18-2. - Definitions.
Section 10-18-3. - Filing of petition.
Section 10-18-4. - Appointment of receiver and assignment.
Section 10-18-5. - Resignation and removal of receiver — Termination of receivership.
Section 10-18-6. - Compensation of receiver.
Section 10-18-7. - Effect of filing.
Section 10-18-8. - Filing of the accepted plan with the secretary of state and its effect.
Section 10-18-9. - Effect of approval of plan on prior unsecured creditors.
Section 10-18-10. - Effect of approval of plan on prior secured creditors.
Section 10-18-11. - Subsequent creditors.
Section 10-18-12. - Claims brought to judgment — Priority in case of default.
Section 10-18-13. - Establishment of plan.
Section 10-18-14. - Contents and payments of plan.
Section 10-18-15. - Dispute of claims during pendency of proceedings.
Section 10-18-16. - Termination of the plan.
Section 10-18-17. - Duration of proceedings.
Section 10-18-18. - Subpoenas — Costs.
Section 10-18-19. - Deferred obligations of debtor during pendency of receivership proceedings.