Community Forex Questions
What is a committee of creditors?
The Creditors Committee represents the legitimate interests of bankruptcy creditors and supervises the actions of the arbitrator manager. Furthermore, the creditors' commission always operates within the framework of federal laws. In the event that the creditors committee represents the legitimate interests of the bankruptcy trustee, then the question arises: who is the bankruptcy trustee? An appointed bankruptcy trustee is a natural or legal person appointed by the arbitration court when the decision is made to declare the debtor bankrupt. In fact, the creditors committee is made up of many bankruptcy managers, since we are mainly talking about a class action lawsuit.
The Committee of Creditors is a group of people tasked with overseeing a bankruptcy proceeding. They are elected by the active creditors of the company and meet on a regular basis to make decisions about how to best manage the proceedings. The Committee is required to represent all creditors of the same class, meaning they must make decisions based on what's best for all rather than just some.

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