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Question

What is Marshalling in law?


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Solution

An equitable remedy to do justice between two or more creditors, each of which is owed a debt by the same debtor.

Marshaling is accessible to a bank (B) in the accompanying conditions: Another leaser (A) and B have both taken security over a portion of the debt holder’s resources (Assets X).

Also see: Marshalling of Assets and Liabilities


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