Creditor Responsibility Statement confirms informed concurrence with corporate debt restructuring scheme and absence of fraudulent preference. A Creditor's Responsibility Statement requires a creditor to declare they have read and understood a proposed corporate debt restructuring scheme, believe ... Summary
Creditor Responsibility Statement confirms informed concurrence with corporate debt restructuring scheme and absence of fraudulent preference.
A Creditor's Responsibility Statement requires a creditor to declare they have read and understood a proposed corporate debt restructuring scheme, believe it is in their best interest to concur, that the debt was created in good faith and in the ordinary course of business, and that the scheme does not give them a fraudulent preference at the cost of other secured or unsecured creditors; the creditor must sign, date, and record the place of signing.
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