Meaning Best-interests-of-creditors test
What does Best-interests-of-creditors test mean? Here you find 3 meanings of the word Best-interests-of-creditors test. You can also add a definition of Best-interests-of-creditors test yourself
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Best-interests-of-creditors testThe requirement that a claim holder voting against a plan of reorganization must receive at least as much as if the debtor were liquidated.
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Best-interests-of-creditors testDefinition A type of requirement in a Chapter 13 bankruptcy that states that unsecured creditors can receive at least as much as they would have in a Chapter 7 bankruptcy. While a Chapter 13 bankruptc [..]
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Best-interests-of-creditors testThe requirement that a claim holder voting against a plan of reorganization must receive at least as much as if the debtor were liquidated.
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