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Monthly Archives: September 2021

BankruptcyReorg

Can A Senior Creditor Voluntarily Give Assets To A Lower Creditor In Chapter 11 Bankruptcy?

By Kelley, Fulton & Kaplan |

In a Chapter 11 case each creditor is classified into tiers, or classes. Some creditors, such as a secured creditor like a mortgage, will have the highest priority. Some classes have priority, but not the highest priority, such as expenses of the bankruptcy estate or expenses that are incurred for the process of the… Read More »

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