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TITLE	[Confirmation of Bankruptcy Claims]Supreme Court Decision 2005Da28273 Delivered on October 28, 2005 [full Text]
Summary
[1] The legislative intent of Article 240 Paragraph (2) of the Company Reorganization Act [2] Whether a guarantor’s liability is exempted in the case where a reorganization plan is approved and confirmed, according to which the third party assumes the obligation with exemption (negative) [3] Whether the effect of interrupting the prescription period caused by participation in a bankruptcy proceeding is extinguished in the case where the bankruptcy trustee raises an objection at the claims investigation day or the creditor fails to file a lawsuit for confirmation of bankruptcy claim within the statutorily prescribed period, and as a result, is excluded from participation in the dividend payment (negative)

TITLE

[Confirmation of Bankruptcy Claims]Supreme Court Decision 2005Da28273 Delivered on October 28, 2005 [full Text]

Summary

[1] The legislative intent of Article 240 Paragraph (2) of the Company Reorganization Act [2] Whether a guarantor’s liability is exempted in the case where a reorganization plan is approved and confirmed, according to which the third party assumes the obligation with exemption (negative) [3] Whether the effect of interrupting the prescription period caused by participation in a bankruptcy proceeding is extinguished in the case where the bankruptcy trustee raises an objection at the claims investigation day or the creditor fails to file a lawsuit for confirmation of bankruptcy claim within the statutorily prescribed period, and as a result, is excluded from participation in the dividend payment (negative)

Prev	[Violation of the Act on the Aggravated Punishment, etc. of Specific Crimes (Bribery)]Supreme Court Decision 2005Do5822 Delivered on October 28, 2005
Next	[Damages (Other Categories)]Supreme Court Decision 2005Da28808 Delivered on October 7, 2005

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