P.R. Laws tit. 13, § 113ee

2019-02-20 00:00:00+00
§ 113ee. Claims for reimbursement, contribution, indemnification, and subrogation

(a) Claims for reimbursement, contribution, or indemnification shall not be allowed to the extent their allowance causes a petitioner to have liability to pay the same underlying debt more than once. To the extent such claims relate to debts in existence prior to the filing of a petition under §§ 113-113nn of this title, such claims shall not be deemed administrative claims.

(b) The Court shall subordinate to the claim of an affected creditor and for the benefit of such creditor an allowed subrogation claim of an entity that is liable with the petitioner on, or that has secured, such creditor’s claim, until such creditor’s claim is paid in full, either through payments under §§ 113-113nn of this title or otherwise.

History —June 28, 2014, No. 71, § 332.