Extortionate credit transaction: terms demanding exorbitant payments or unconscionable provisions are treated as extortionate under insolvency rules. A transaction is an extortionate credit transaction if its terms require the corporate debtor to make exorbitant payments for the credit provided, or if ... Summary
Extortionate credit transaction: terms demanding exorbitant payments or unconscionable provisions are treated as extortionate under insolvency rules.
A transaction is an extortionate credit transaction if its terms require the corporate debtor to make exorbitant payments for the credit provided, or if the terms are unconscionable under contract law principles.
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