Marshaling of assets

(Law) the arranging or ranking of assets in due order of administration.

See also: Marshaling

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
References in periodicals archive ?
(1.) "Marshaling of assets applies when a senior secured creditor can collect on its debt against more than one property or fund held by the debtor but a junior secured creditor can only proceed against one of those sources.
Galey's argument was based on the equitable principle of marshaling of assets. Under a marshaling theory, where a senior secured creditor such as CIT could collect its claim against more than one property or fund held by the Debtor and a junior secured creditor (which Galey asserted it was as a result of its reclamation claim) can proceed against only one of those sources, the senior secured creditor (CIT) could first be compelled to collect amounts owned to it from the property or fund in which the junior secured creditor (i.e., Galey) has no interest.