Financial creditor status determines who holds financial debt rights and includes lawful assignees for insolvency purposes. Financial creditor denotes persons recognised under insolvency law as creditors in respect of financial debt; it includes any person to whom a financial ... Summary
Financial creditor status determines who holds financial debt rights and includes lawful assignees for insolvency purposes.
Financial creditor denotes persons recognised under insolvency law as creditors in respect of financial debt; it includes any person to whom a financial debt is owed and expressly embraces persons to whom such debt has been legally assigned or transferred, thereby extending creditor status to lawful assignees.
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