Eng
At any stage of the bankruptcy proceedings, the debtor, its creditors in bankruptcy and competent authorities may enter into a settlement agreement. At the same time, the conclusion of such settlement agreement, in practice, gives rise to lots of nuances as to its rehabilitative properties, grounds for denial of its approval etc. Aleksandra Alfimova speaks about what is required of the debtor and creditors when entering into the settlement agreement, what to pay attention to upon its approval by the court and what the consequences are for other creditors. We will also consider interesting examples of specific terms of settlement agreements from the court practices.
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