Invocation of subsidiary responsibility upon the entities exercising effective control over the debtor
In the majority of bankruptcy proceedings the creditors assert claims to invoke subsidiary responsibility upon the entities exercising effective control over the debtor. Taking into account the aims of declaring the debtor insolvent the insolvency officers seek to replenish the insolvency estate by any means at their disposal. Consideration of claims to invoke subsidiary responsibility has certain specifics which are necessary to understand in order to achieve the clients’ goals. These legal relations often give rise to the criminal liability of the entities who exercise control over the debtor.
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