The creditor committee controls and supports the insolvency administrator and can take part in important decisions, such as when assets are used. Formally, it has to represent the interests of the entire insolvency mass, not those of individual creditors. This makes the case particularly difficult. As reported by the "Tiroler Tageszeitung", a total of 32 creditors have filed claims of around 1.7 billion euros against Benko's Laura Private Founda…
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The creditor committee controls and supports the insolvency administrator and can take part in important decisions, such as when assets are used. Formally, it has to represent the interests of the entire insolvency mass, not those of individual creditors. This makes the case particularly difficult. As reported by the "Tiroler Tageszeitung", a total of 32 creditors have filed claims of around 1.7 billion euros against Benko's Laura Private Founda…