Examining the role of the principle of equality of creditors in Iran's economy and bankruptcy law with a look at its jurisprudential foundations

Subject Areas : Economic jurisprudence and Banking

Mohammad Reza Aghahosseini ¹ , Ali Radan Jebeli ^{2 *} , reza abbasian ³

1 - PhD student, Department of Law, Isfahan Branch (Khorasgan), Islamic Azad University, Khorasgan, Iran
2 - استادیار، گروه حقوق خصوصی، واحد اصفهان ( خوراسگان)، دانشگاه آزاد اسلامی، اصفهان، ایران
3 - assister professor

Received: 2024-09-05 Accepted : 2024-09-29 Published : 2024-01-19

Keywords: Bankruptcy, equalization of creditors, economy, non-discrimination, justice, legal foundations,

Abstract :

In the legal system of any country, bankruptcy has a special place as an inevitable phenomenon in the business world. In the meantime, the principle of equality of creditors, as one of the fundamental pillars of bankruptcy law, plays a central role in organizing relations and guaranteeing the rights of beneficiaries. The principle of equality of creditors dictates that all creditors of a bankrupt businessman, regardless of the type and time of their claim , collect their claim in proportion to their share of his property. This research, which has been carried out in a descriptive and analytical method, was written with the aim of a comparative study of this principle in the legal systems of Iran and England and to analyze its economic dimensions. Nevertheless, in terms of implementation, this principle is not absolute and exceptions and limitations are envisaged for it. In this research, we are looking for answers to these questions: What is the position of the principle of creditor equality in the bankruptcy laws of Iran and England? What are the exceptions and limitations for this principle in each of these two countries? And to what extent can it affect the economy of the societies?

References:


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