Here's an example: Suppose the estate consists of $125, and two creditors claim $100 and $200, respectively.
Equity regards such a gift as performance of the obligation so the creditor cannot claim both the legacy and payment of the debt.
It went into liquidation and the creditors claimed that the money in the accounts was part of the company's assets.
All creditor claims against the second season should have filed by February 28, 2011.
The creditors claim the banks enabled the looting of the money from Adelphia, which is now bankrupt.
The court permitted other creditor claims to continue.
Press release: AiB encourages creditors to claim their money Accountant in Bankruptcy has successfully returned £4.4 million of consigned funds this financial year so far.
The creditors claim that the Argentina's restructuring was an expropriation.
When Romalpa went insolvent, another creditor claimed that its floating charge covered the foil and products.
With the money flowing directly to the next generation, the parents are deemed never to have had it and their creditors cannot claim it.