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District Court allowed an installment payment on amicable agreement in bankruptcy

... settlement agreement due to non-fulfillment of its terms. The court of first instance was on the side of the debtor and provided an installment plan for the execution of the agreement. However, the appeal cancelled this decision with reference to the fact that the court had no right to make adjustments to the amicable agreement concluded between the parties. The judicial board of the District Court reminded its colleagues that the creditor, who owns more than 25% of the total amount of debts under the transaction,...

Modified: 10.21.2021
district court , ruling , amicable agreement , installment plan , citizen bankruptcy , bankruptcy
Path: РусБанкрот - СМИ
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