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District court allowed control of creditors over the debtor's expenses

... creditor of the debtor. At the same time, it was in no hurry to take an active part in voting on the approval of the disputed cost estimate. In such a situation, the court considered it possible to transfer the issue of approving the estimates to the meeting of the debtor's creditors. However, later this decision was canceled by the court of appeal, which indicated that the number of creditors' ... ... board designated the right to apply to court and to the bankruptcy trustee to resolve the disagreements that had arisen. The district court, in turn, noted that the spending of the debtor's funds should not be random. At the same time, earlier, the courts ...

Modified: 10.22.2021
district court , determination , creditors' meeting , cost estimate , receiver , debtor , corporate bankruptcy , bankruptcy
Path: РусБанкрот - СМИ
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