Proof of debt by secured creditors permits claim of balance when security realised or whole claim if surrendered. Where a secured creditor realises his security, he may produce proof of the balance due to him; where a secured creditor surrenders his security to the ... Summary
Proof of debt by secured creditors permits claim of balance when security realised or whole claim if surrendered.
Where a secured creditor realises his security, he may produce proof of the balance due to him; where a secured creditor surrenders his security to the bankruptcy trustee for the general benefit of the creditors, he may produce proof of his whole claim.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
