Par Condicio Creditorum Meaning

In particular to restore at least as tendency the par condicio creditorum and to acquire goods or assets destined to the mass in the settlement and to then allow the sharing of the incomes among the creditors.

Par condicio creditorum meaning. It will also attempt to respect the general principle of par condicio creditorum. The bankruptcy laws of most if not all countries therefore. In other words the procedure tends to limit the time and cost inconveniences for the creditors with respect to the bankruptcy procedure and to favour the entrepreneur who can demonstrate their reliability and diligence relieving the same from a part of their liabilities and leaving them with the. Debtors on the eve of bankruptcy either of their own volition or under pressure may accord preferential treatment by way of payment or security to certain creditors.

Other articles where par condicio creditorum is discussed. Rule of equality of creditors. Creditors should not compromise the company s creditworthiness or infringe the general principle of par condicio creditorum equal treatment of creditors. Written by morena pirollo.

Inside each class all creditors must be managed the same way that s why it is talk about par condicio creditorum. English tamil organisatiegrens dutch swedish meaning of bewafa hindi telugu jevan zala ka hindi english laro muna ng basketball pangpatanggal bwisit tagalog english. This connection is as clear when we look at the function of the revocatory action in the procedural system making it instrumental to the specific aims of that procedure. Equal treatment of creditors the classical par condicio creditorum.

Creditors will have to comply with the general principles and duties of good faith fairness and transparency during the negotiation and finalisation of a restructuring process. In the italian legal system claw back action is the instrument designed to reconstitute the assets of. Or perhaps be on an equal footing with sy the law grants the privilege in order to the cause of the credit. Debtors on the eve of bankruptcy either of their own volition or under pressure may accord preferential treatment by way of payment or security to certain creditors.

One of the cardinal principles governing the liquidation of insolvent estates is the equal treatment of creditors the classical par condicio creditorum. Post su par condicio creditorum scritto da morena pirollo.