Marshalling the troops when debtors become insolvent: A refresher on the equitable doctrine of marshalling

The equitable doctrine of marshalling can protect the security interests of subordinate secured creditors when a debtor becomes insolvent.

Marshalling is a neglected tool in the insolvency toolbox, but it can play an important role in protecting the security interests of subordinate secured creditors.

Filed under:
Australia, Banking, Insolvency & Restructuring, Litigation, Real Estate, Clayton Utz, Debtor
Authors:
Cameron March , Jonathon McRostie
Location:
Australia
Firm:
Clayton Utz