Debtor financial status valuation in the business to see the quality of each, all the debtors must be classified into level or tier in order to proceed to the next step which is conducting a debtor assessment so that the creditors can make their decision before bringing to the court’s attention for determining the execution when there is a further judgment for taking over the business or making a rehabilitation plan. Please note that for those businesses that contain tangible and intangible assets, there might be no point to sue and win the case without enforcement as it will only be a waste of money and time.
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