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Title

SPECIAL LIQUIDATION

Pages

 Start Page 703 | End Page 721

Abstract

 Social life makes people’s transactions inevitable. These transactions put people under debt as well as make them creditors. Therefore, people's belonging is not always pure, and always includes some debts. Sometimes, these debts are paid by the debtor's own will, but in some cases such as BANKRUPTCY or death, liquidation does not take place willingly. In these cases, the insufficiency of debtor’s belonging is either evident or probable; so creditors may face with injustice. As a result, liquidation in these situations needs to be special. In this SPECIAL LIQUIDATION, for maintaining EQUALITY among debtors, some specific measures such as the impartially of the liquidator and the unity of courts which carries on the whole procedure, shall be taken into consideration. In this paper, first the concept of SPECIAL LIQUIDATION will be explained, and then examples of it will be counted. At last, its regulations will be studied.

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