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

... violated, since they have the right to initiate a case to challenge the transaction as well. 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,...

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