Declaratory Action to Invalidate Estate Rejection and Cancel Liquidation Denied for Lack of Protective Interest

The applicants sought to nullify or invalidate their declarations rejecting an estate, which had previously led to the commencement of its official liquidation, and requested the cancellation of that liquidation. The court declined to rule on the merits of the appeal because, even if the declarations of rejection were deemed civilly ineffective or void, this civil ineffectiveness does not invalidate the resulting bankruptcy decree, meaning the requested declaratory judgment would not achieve the substantive goal of rescinding the liquidation order. Consequently, the court found a lack of requisite protective interest to proceed with the declaratory action under the relevant procedural law.