The article discusses a trade creditor's setoff rights in bankruptcy. The author explains that when a trade creditor has shipped goods or provided services to a company that files bankruptcy, he may be left with an unsecured claim that ranks at the bottom of the claims priority. He also ...
Part V discusses valuation of setoff rights in bankruptcy. Part VI addresses post-bankruptcy setoff rights and inquires as to the effects of exempt property, debt discharge and confirmation on setoff rights. Some setoffs deserve validation in full in bankruptcy proceedings, even after bankruptcy ...
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved. ThesaurusAntonymsRelated WordsSynonymsLegend: Switch tonew thesaurus Noun1.setoff- structure where a wall or building narrows abruptly ...
Rights of Set-Off A portion of aloanagreement stating the rights of each party should one party or the otherdefaulton his/her obligations. Rights of set-off are most often stated explicitly when two parties are lendingmoneyto each other. See also:Parallel loan. ...
8. Judgments in the same rights may be set off against each other at the discretion of the court. 3 Bibb 233; 3 Watts 78; 3 Halst. 172; 4 Hamm. 90; 1 Stew. & Port. 24; 7 Mass. 140, 144; 8 Cowen 126. Vide Compensation; also Montagu on Set-off; Babington on Set-off; 3 ...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook Dictionary Legal Financial Encyclopedia </>embed</> satisfaction restitution requital repayment reparation remuneration reimbursement redress recompense setoff noun
It discusses the verdict given by the U.S. Bankruptcy Court for the Eastern District of Virginia in a court case concerning In re Circuit City Stores Inc. and mentions the threats faced by recoveries on Section 503 (b) (9) claims, by Debtor Setoff Rights.年份: 2015 ...
Triangular Setoff Rights Again Don't Pass Muster in Bankruptcy (219) However, a setoff is not permitted under any circumstances if the creditor obtained the debt owed by the debtor after the opening of the bankruptcy case. China's Bankruptcy Law interpretations: translations and commentary extensi...
In this way, lenders can collect a larger amount than they would be able to collect through bankruptcy proceedings. A set-off claim is limited to money, and is a defensive claim rather than a substantive claim. Set-off, as a term itself, is both a noun and a verb. As a noun, it ...
Special nature of the municipality reorganization and matters to be considered in legislation set forth their own state bankruptcy code due to limitation of the federal constitution, however many states have their own system to cope with financial difficulties of their municipalities, which is supervisor...