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11-07-2020
Business

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In a liquidation proceeding, if the proceeds on the realization of an asset exceed the lien against that asset, the excess is assigned to

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lburgoszabala lburgoszabala

12-07-2020

Answer:

The excess is assigned to the employer.

Explanation:

The employer has the full right to initiate a claim process for the surplus or outstanding amount that the employee owes and that is not enough to compensate with the liquidation.

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