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

... of the Northwestern District considered the issue of the manager's obligation to convene a meeting of creditors. The applicants demanded consideration of the issue of the anti-crisis manager's report on his financial activities and approval of the cost estimate. In their opinion, the bankruptcy trustee was abusing his right, and the lack of a current estimate of expenses impeded the control over the funds spending. The court of first instance established that the creditors' committee was formed ...

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