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Posts Tagged ‘Cassation’

CAN RECONCILIATION BE DONE AFTER THE DEBTOR IS DECLARED BANKRUPT?

can-reconciliation-be-done-after-the-debtor-is-declared-bankrupt

Debtor may offer reconciliation if the majority creditor does not agree with the bankruptcy decision against the debtor due to not being asked for approval nor summoning the majority creditor. After declared bankrupt by the Commercial Court’s decision, Debtor still has the right to offer reconciliation. This right is stipulated under Article 144 of Law…

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