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§ 44-1040 Discount of claims allowed but not due; amount payable on claim secured by collateral in possession of creditor

AZ Rev Stat § 44-1040 (2019) (N/A)
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44-1040. Discount of claims allowed but not due; amount payable on claim secured by collateral in possession of creditor

Claims not due may be allowed at their present value by discounting them at the rate of interest mentioned in the contract, if any, otherwise at the legal rate. If any creditor holds collateral or security of less value than his debt, the value thereof may be estimated by the assignee and only the difference between such value and the amount of the debt shall be allowed.

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§ 44-1039 Statement of claim by creditor as justification for payment by assignee; action to dispute claim; duty of assignee to permit creditor to inspect claims filed by other creditors
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§ 44-1041 Right of assignee to property fraudulently conveyed by assignor; action by assignee or creditor to recover property fraudulently conveyed; non-recovery from bona fide purchaser