понедельник, 1 июня 2020 г.

The same person is both the creditor and the debtor

Under the merger doctrine, when the same person is both the creditor and the debtor with respect to a debt, that debt is extinguished.

....In the final analysis, while [The Court] clearly opened the door to application of the merger doctrine in cases where the creditor and debtor are in the relation of corporation/sole shareholder, it did not articulate a clear standard for courts or practitioners to apply in the future in such cases.