The Debts "Knocking Out" Practice
6 March 2017
We all know that the main asset of any agricultural enterprise is the land, despite the fact that it is not even its property, and is in use, and if the debtor is declared bankrupt, the lease contracts are terminated.
Under such a scenario, it will seem that creditors for repayment of debts continue to tort "future harvests" and breakdown the debtor's equipment, but all is much more fun.
Mykola Struts,
Partner of IMG Partners, Attorney, Trustee in Bankruptcy of IMG Partners
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