Bankruptcy of Joint Debtors at One Time and Partial Payment of Debt by the Debtor Together with the Bankrupt (Art.2003 and 204)
SUCCESSFUL DEBTORS' SUCCESSFUL BANKRUPTCY AND PARTIAL PAYMENT OF THE DEBT BY THE DEBTOR WITH THE BANKRUPT (EBL.art.2003 and 204) INTRODUCTION As a necessity of commercial life, it is sometimes seen that more than one person assumes the same debt (joint indebtedness) and in case of non-payment of the assumed debt, bankruptcy proceedings may be initiated against both debtors. Again, in some cases, bankruptcy proceedings may be initiated against one debtor [...]