MLchartDataset catalogue

Substantive consolidation

Term · Law · MLC-T-LAW-000216

Pooling the assets and liabilities of two or more related debtors to pay creditors under a plan. Substantive consolidation is viewed as an extraordinary remedy since the action must not only justify the benefit that one entity’s creditors would receive, but also any harm that other creditors would suffer as a result.

Table 1. Record
IdentifierMLC-T-LAW-000216
FieldLaw
ReferencesU.S. Courts Glossary of Legal Terms
Record as JSON 
{
  "id": "MLC-T-LAW-000216",
  "term": "Substantive consolidation",
  "field": "Law",
  "definition": "Pooling the assets and liabilities of two or more related debtors to pay creditors under a plan. Substantive consolidation is viewed as an extraordinary remedy since the action must not only justify the benefit that one entity’s creditors would receive, but also any harm that other creditors would suffer as a result.",
  "references": [
    "U.S. Courts Glossary of Legal Terms"
  ],
  "url": "https://mlchart.com/terminology/law/substantive-consolidation/"
}

Record 216 of 241 in Law terminology (MLC-0107). Request the full dataset.