Home > Terms > English, UK (UE) > marshalling of assets

marshalling of assets

Legal rule that directs the claims of creditors of an insolvent debtor to achieve a fair distribution of debtor's assets among them. For example (between two creditors), if one has recourse to one source of funds and the other has recourse to two such sources, the funds will be marshaled by the court so that the claims of both creditors are satisfied in the most equitable manner.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Language Category: Funniest translations

If you are stolen

If you have anything stolen, please contact the police immediately.

Contributor

Featured blossaries

Teresa's gloss of general psychology

Category: Education   2 4 Terms

Art History

Category: Arts   1 10 Terms