Remedies for violated creditors’ rights during reorganization of business entities

Abstract

Reorganization of business entities is a complicated process which requires closer attention. Frequently, as a result of reorganization the interests of creditors are violated, thus the issue of remedies is essential. The article provides an overview of claims raised by the creditors whose rights have been violated. The author makes a conclusion that reorganization of a business entity shall be invalidated only in extraordinary circumstances when other remedies are not available.

Keywords:

Reorganization, creditor, violation of rights, remedy, invalidating of reorganization