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.

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Part of Speech: noun
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Industry/Domain: Business services
Category: Customer management
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