What are the effects of the renunciation to a succession?

The one who renounces is deemed to have never been a successor. In doing so, he has no longer any rights in the succession and its contents and, where necessary, he must return the property of this succession which he had in his possession. The one who renounces is no longer bound by the obligations or debts of the deceased. However, the fact of renouncing the succession does not imply a renunciation to act as liquidator for the succession.