§ 10-18-12 - Claims brought to judgment – Priority in case of default. - Rhode Island Statutes

SECTION 10-18-12

   § 10-18-12  Claims brought to judgment– Priority in case of default. – (a) All creditors (secured and unsecured, prior and subsequent, those includedand those excluded from the plan) may bring their claims against the debtor tojudgment.

   (b) If these proceedings are terminated by dismissal,default, or otherwise:

   (1) Any claim reduced to judgment by a subsequent creditorexcluded from the plan shall be deemed to have been reduced to judgment one dayafter these proceedings are terminated.

   (2) Any claim reduced to judgment by a prior creditor(whether included or excluded from the plan) or a subsequent creditor includedin the plan within a reasonable time after termination of these proceedingsshall be deemed to have been reduced to judgment as of the day theseproceedings are terminated.