Appeal of Bankruptcy Order Based on Unrealizable Receivables
Sintesi Legislator
Generato dall'IAAn appellant company appealed a lower court's decision to open bankruptcy proceedings against it, arguing that it was not insolvent because certain receivables owed by another entity covered the outstanding debt to the respondent company. The appellate court dismissed the appeal, reasoning that the receivables in question were not readily realizable assets sufficient to cover the undisputed debt obligations, as the debtor of those receivables was itself subject to imminent insolvency proceedings, thus rendering the appellant's claimed assets insufficient to meet the legal standard for averting bankruptcy.
Regesto Legislator
Generato dall'IAAppeal of Bankruptcy Order Based on Unrealizable Receivables: The appellate court dismissed the appeal, reasoning that the receivables in question were not readily realizable assets sufficient to cover the undisputed debt obligations, as the debtor of those receivables was itself subject to imminent insolvency proceedings, thus rendering the appellant's claimed assets insufficient to meet the legal standard for averting bankruptcy.
Parole chiave
Generato dall'IADecisioni correlate
Generato dall'IATesto completo
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\n\n| | | |\n Kantonsgericht Schwyz |\n 1 |\n \n\n
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\n \n Beschluss vom 21. Dezember 2020 \n BEK 2020 185 \n \n \n
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|\n Mitwirkend |\n Kantonsgerichtspräsident Dr. Urs Tschümperlin, Kantonsrichterinnen Clara Betschart und lic. iur. Ilaria Beringer. |\n
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|\n In Sachen |\n A.________ AG, Gesuchsgegnerin und Beschwerdeführerin, vertreten durch Rechtsanwalt B.________, gegen C.________ AG, Gesuchstellerin und Beschwerdegegnerin, |\n
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\n\n| | | |\n betreffend |\n Konkurseröffnung |\n \n\n
\n (Beschwerde gegen die Verfügung des Einzelrichters am Bezirksgericht Höfe vom 2. November 2020, ZES 2020 463);-
\n \n \n \n hat die Beschwerdekammer, \n \n nachdem sich ergeben und in Erwägung: