The ordinary form of judgment for foreclosure or redemption1 contains a direction that an account be taken of what is due to the mortgagee under his mortgage, and for the costs of the claim2. A judgment in proceedings to recover surplus proceeds of sale requires the like account, and also an account of the proceeds of sale. A claim involving an account against a mortgagee as such must be limited to the mortgage account3. Where an account is asked for, the mortgagee is not generally ordered to give particulars of his claim4, but this may be done if he
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When restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of restructuring over formal proceedings) the company may want to ensure that relevant creditors quickly enter a standstill agreement to gain some breathing space to consider a restructuring
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