Question: This is a correct answer to the following question about Set-off (law). Yes or no? Answer: This means that, for each party which is both a creditor and debtor of the insolvent company, mutual debts are set-off against each other, and then either the bankrupt's creditor can claim the balance in the bankruptcy or the trustee in bankruptcy can ask for the balance remaining to be paid, depending on which side owed the most. Question: what is right to set off payments
Answer:
No