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THE SUPREME COURT COMPARED CHALLENGING OF TRANSACTIONS WITH CREDITORS WITH A CLASS ACTION LAWSUIT

... However, the Supreme Court looked at the situation from a different angle and compared the actions of creditors to challenge the debtor's transaction with a class action lawsuit. Willing to recognize any agreement as an invalid transaction, creditors in bankruptcy primarily act in the interests of the debtor's property, whose bankruptcy estate will be replenished if the claim is satisfied. And after that, the amount received will be divided between all the creditors in the queue, but not only will go ...

Modified: 04.16.2021
The Supreme Court , challenging the transaction , bankruptcy , waiver of claims , creditor , class action
Path: РусБанкрот - СМИ
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