Submission and authentication of financial information to information utilities are tightened before insolvency filings by operational creditors. Section 215 is amended to require an operational creditor to submit information to an information utility before filing under section 9, and to provide ... Summary
Submission and authentication of financial information to information utilities are tightened before insolvency filings by operational creditors.
Section 215 is amended to require an operational creditor to submit information to an information utility before filing under section 9, and to provide for authentication of such information by the corporate debtor or debtor within the specified manner and period. If the debtor does not respond as specified, the information is deemed to be authenticated.
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