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Question! Tell me what you think of Debt Subordination!

  • 20-03-2006 11:32am
    #1
    Closed Accounts Posts: 753 Font22


    Hello people,

    Just getting my head stuck into some debt subordination for the old finals and have a question.

    When the book discusses the disadvantages of turn-over subordination it mentions the junior creditor "proving the debt". Is this referring to the Junior Creditor turning over monies received from the Debtor in the event of a trigger event to the Senior Creditor?

    Thanks for any help!
    Font22


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