Protection of secured creditors

Judgement creditors

Statutory (preferential) creditors

Two recommendations dealt with creditor participation in reorganization proceedings (a) to limit the number of creditor committees to a single committee, except in extraordinary circumstances and (b) in smaller reorganization cases where creditors might have little interest in forming a committee, to provide for the appointment of a creditors' representative to monitor the case and negotiate a reorganization plan on behalf of unsecured creditors.

Creditors in insolvency proceedings

Debt to official creditors

As a result, the eurozone has become divided into creditors and debtors, with the creditors in charge of economic policy.

The super priority ranks ahead of administrative creditors.

Member countries are now divided into two classes creditors and debtors with the creditors in charge.

(v) Notification of foreign creditors Model Law article 14

A policy of concessions from creditors therefore remained necessary.

Sovereign debt restructurings with private creditors

From the early days of the developing country debt crisis, official and private creditors have sought to restructure debt in collective creditor forums the Paris Club for official bilateral creditors and bank advisory committees for bank creditors.

Creditors of a corporation cannot recover debts from a shareholder.

Even former creditors benefited from this rebound.

Bailing in creditors will exacerbate these trends.

Inflation would clearly make creditors worse off.

Creditors take a loss on the rest.

Greece, too, is a victim of its creditors misconceptions and taboos.

Both debtors and creditors bear responsibilities for mismanagement of external finances.

Debt to private creditors as a percentage of total external debt

Because healthy competition among all potential creditors is an effective way of reducing the cost of credit, the Guide recommends that the secured transactions regime apply equally to various creditors, including banks and other financial institutions, as well as domestic and non domestic creditors.

Creditors can agree to relax Greece s fiscal targets.

These recommendations would then apply to all creditors.

I'll just fake it to hold off creditors.

One approach to this issue is to consider whether the savings to creditors collectively would outweigh the incidental detriment to individual creditors.

Yet this process leaves the rights of creditors undefended, eliciting widespread criticism.

The recent experiences of debt restructurings with private creditors are very diverse.

Government creditors have not been under the same pressure.

In such a case, creditors of a group company with a significant asset base would have their assets diminished by the claims of creditors of another group company with a low asset base.

Priority between the assignee and the insolvency administrator or creditors of the assignor

Argentina s interests and those of its creditors were thus aligned both wanted growth.

Argentina s interests and those of its creditors were thus aligned both wanted growth.

Thus, it seeks to protect the lawful rights of both creditors and debtors.

(a) By control has priority over the rights of all other secured creditors

90. A number of bilateral creditors were reluctant to embrace the Trinidad terms.

These regimes, in seeking to ensure fairness to creditors as a whole, must reconcile the interests of two (or more) sets of creditors who have dealt with two (or more) separate corporate entities.

When push comes to shove, domestic politics trumps foreign creditors.

Price inflation forces creditors to accept repayment in debased currency.

The banks creditors or governments ultimately would bear any losses.

Creditors obviously support bailing out debtor countries to protect themselves.

The euro crisis is now turning the EU into something fundamentally different, dividing member countries into two classes creditors and debtors with the creditors in charge.

(h) Recognize existing creditors rights and establish clear rules for ranking of priority claims.

Creditors cancelled US 752 million of Madagascar's debt and rescheduled another US 305 million.

Creditors, too, therefore have their share of responsibility in whether to extend a loan.