substantive consolidation


Putting the assets and liabilities of two or more related debtors into a single pool to pay creditors. (Courts are reluctant to allow substantive consolidation since the action must not only justify the benefit that one set of creditors receives, but also the harm that other creditors suffer as a result.)

©2022 Boleman Law Firm, P.C.

©2022 Boleman Law Firm, P.C.

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