receiver-creditor relation (Meaning)
receiver-creditor relation (n)
the responsibility of receiver or trustee in bankruptcy to act in the best interests of the creditor
Synonyms & Antonyms of receiver-creditor relation
No Synonyms and anytonyms found
receiver-creditor relation Sentence Examples
- In the receiver-creditor relationship, the receiver's duty is to act in the best interests of the creditors.
- The receiver's primary responsibility is to preserve and maximize the assets of the debtor for the benefit of the creditors.
- The creditors have the right to request an accounting from the receiver regarding the management of their assets.
- The receiver must distribute funds to creditors in accordance with their respective priorities and the terms of the receivership agreement.
- The receiver-creditor relationship is based on the principle of equitable distribution of assets among creditors.
- Creditors may challenge the actions of the receiver if they believe their interests are not being adequately protected.
- The receiver must maintain transparent and accurate records of all transactions to demonstrate accountability to the creditors.
- Creditors have a duty to cooperate with the receiver and provide relevant information to facilitate the receivership process.
- The receiver-creditor relationship may be terminated once the assets of the debtor have been distributed and all creditor claims have been resolved.
- The effectiveness of the receiver-creditor relationship relies on open communication, transparency, and adherence to legal and ethical guidelines.
FAQs About the word receiver-creditor relation
the responsibility of receiver or trustee in bankruptcy to act in the best interests of the creditor
No synonyms found.
No antonyms found.
In the receiver-creditor relationship, the receiver's duty is to act in the best interests of the creditors.
The receiver's primary responsibility is to preserve and maximize the assets of the debtor for the benefit of the creditors.
The creditors have the right to request an accounting from the receiver regarding the management of their assets.
The receiver must distribute funds to creditors in accordance with their respective priorities and the terms of the receivership agreement.
