Bankruptcy process for personal guarantors clarified: rules govern applications to adjudicating authority in insolvency proceedings. The rules govern bankruptcy of personal guarantors to corporate debtors and prescribe that applications for initiation of bankruptcy proceedings are to be made to the Adjudicating Authority, thereby defining the procedural scope and applicability of the insolvency framework to guarantor-focused matters.
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Bankruptcy process for personal guarantors clarified: rules govern applications to adjudicating authority in insolvency proceedings.
The rules govern bankruptcy of personal guarantors to corporate debtors and prescribe that applications for initiation of bankruptcy proceedings are to be made to the Adjudicating Authority, thereby defining the procedural scope and applicability of the insolvency framework to guarantor-focused matters.
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