Judgement creditors

Statutory (preferential) creditors

Creditors in insolvency proceedings

Protection of secured creditors

Debt to official creditors

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

Sovereign debt restructurings with private creditors

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.

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

Creditors can agree to relax Greece s fiscal targets.

These recommendations would then apply to all creditors.

The super priority ranks ahead of administrative 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.

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.

(v) Notification of foreign creditors Model Law article 14

Government creditors have not been under the same pressure.

A policy of concessions from creditors therefore remained necessary.

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.

Creditors of a corporation cannot recover debts from a shareholder.

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.

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.

They depended much less on foreign creditors than on domestic lenders.

For both borrowers and creditors, the risks and costs are enormous.

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

Too many creditors were reimbursed at par on their maturing claims.

This limits losses to stockholders and completely protects almost all creditors.

Table 3 Recent sovereign debt restructurings with private creditors main features

Talks with creditors have begun to establish a workable debt strategy.

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

Debt to private creditors as a percentage of total external debt

The more Argentina grew, the more it paid to its former creditors.

But creditors don t have an incentive to place tough limits on banks.

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

The strategy worked Argentina has avoided making any payments to its creditors.

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

(vii) Actions to avoid acts detrimental to creditors Model Law article 23

Other laws require approval by the court or creditors in certain circumstances.

Otherwise, compensation for delay may deplete the assets available to unsecured creditors.