FOLIO Ontology

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Affiliate Debtor

IRI:
https://folio.openlegalstandard.org/RCq5P6B48aD8hFbkiFcp5Cm
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Definition

An affiliate debtor is a company or entity that is related to another debtor through common ownership, control, or a significant financial interest. In bankruptcy proceedings, affiliate debtors may file jointly or have their cases consolidated to streamline the process and address interrelated financial issues.

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