6. DEBTOR’s INSOLVENCY (BANKRUPTCY / REHABILITATION)
Jul 28, 2017 · 1 min read
When creditor finds DEBTOR’s INSOLVENCY (Bankruptcy or Rehabilitation), it should report the court as a creditor and submit evidence for credit.
In BANKRUPTCY or REHABILITATION procedures, creditor shall attend the meeting of creditors / assembly of related persons several times.
After BANKRUPTCY / REHABILITATION procedures, debtor shall pay according to its repayment plan and creditor can recover certain part of its credit by partial payment for several years.
