Marshalling
/ˈmɑːrʃəlɪŋ/
Definitions
- (n.) A legal doctrine in equity where a creditor with claims against two or more fund sources or parties must seek satisfaction from one specific source before proceeding against another, ensuring fair order of claims.
The court applied marshalling to determine which asset the creditor should pursue first.
Related terms
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Commentary
Marshalling applies primarily in equitable contexts to prevent creditors from unfairly exhausting a debtor's assets.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.