Search

THE SUPREME COURT HAS DETERMINED THE TERMS OF PAYMENT OF DEBTS ON BANKRUPTCY BY THIRD PARTIES

The key criterion in determining the legality of the transaction will now be the ownership of funds. The precedent decision was made within the framework of the bankruptcy proceedings against the son of former Prime Minister Vitaly Chernomyrdin. The applicant can challenge the payment of the debt by a third party only if there is evidence that the money belonged to the bankrupt himself and was withdrawn from the bankruptcy estate. This also includes payments made against a third ...

Sorted by relevance | Sort by date