देनदार (en. Debtor)

The list of sundry debtor is attached separately.

The creditor no longer chases the debtor.

(2) A copy of such order shall be affixed on some conspicuous part of the office of the Tax Recovery Officer, and another copy shall be sent, in the case of the debt, to the debtor, in the case of the share, to the proper officer of the corporation, and in the case of the other movable property (except as aforesaid), to the person in possession of the same.

The list of sundry debtor is attached separately.

These may include reduction in the amount payable to the creditors, extension of a maturity date or a change in interest rate or other terms of a debt due from the Corporate Debtor, change in portfolio of goods or services produced or rendered by the Corporate Debtor, and change in technology used by the Corporate Debtor.

BKR receives all details provided in credit contracts: credit amount, date of conclusion, planned month for full repayment, actual month of full repayment, credit type, details on repayment, the debtor’s personal information (name, birth date, residence, address, personal ID details) and the credit institution’s details.

The amendments require the financial creditors, who are financial institutions, to contribute towards the liquidation cost, where the corporate debtor does not have adequate liquid resources to complete liquidation, in proportion to the financial debts owed to them by the corporate debtor, in case the CoC did not approve a plan for such contribution during corporate insolvency resolution process.