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THE COURT REJECTED LEGAL SUCCESSION AFTER SATISFYING ALL THE CREDITORS’ CLAIMS

... the courts of the first instance and appeal. When reconsidering the case, the district court took the side of the creditors, recalling that in such a situation, other legal consequences arise, for example, the termination of the bankruptcy case. The cassation instance indicated that the substitution in bankruptcy can only be possible in a situation where the debt to the creditor was redeemed from him by a third party. At the same time, if the third party made a decision to pay off all the register ...

Modified: 12.18.2020
district court , legal succession , cassation , debt repayment , creditor , debtor , bankruptcy
Path: РусБанкрот - СМИ
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