(v) Notification of foreign creditors Model Law article 14

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

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

But, despite foreign creditors threats, the federal government did not come to the rescue.

Judgement creditors

Section 1514 provides for additional time to be given to foreign creditors with respect to notice and submission of claims.

Successful management of sovereign debt that Governments owe to foreign creditors presents difficult challenges to many developing and transition economies.

The debt crisis erupted in many of the developing countries when foreign private creditors ceased to finance balance of payments deficits.

(c) Encouraging Bulgaria apos s creditors to conclude agreements for the reduction and rescheduling of the country apos s foreign debt

Statutory (preferential) creditors

Although the Federal Reserve and foreign creditors like China are now financing the increase, their willingness to do so is not unlimited.

Creditors in insolvency proceedings

Protection of secured creditors

Debt to official creditors

The paradox here is that, as its hegemonic power fades, America must rely increasingly on foreign creditors, above all China, to stay afloat.

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

Fourth, external creditors have greater confidence in increasing their exposure in a country selected by foreign investors as a site for world market oriented production.

The initial export shock was likely to reduce growth. The sudden deleveraging imposed by foreign creditors requires the current account balance to adjust further and faster.

America s foreign creditors would not accept a sharp reduction in their dollar assets real value that debasement of the dollar via inflation and devaluation would entail.

But the power to tax has practical limits, and governments moral or legal right to bind future generations of citizens to repay foreign creditors is questionable.

The deal, which will run until the year 2001, will enable foreign creditors to convert debt into investment, using the financial rand as an additional incentive.

Most of the debt owed to foreign Governments is restructured in the Paris Club, an informal gathering of official creditors that meets in the French Treasury.

Sovereign debt restructurings with private creditors

The new class that populates them does not demonize foreign capital. Indeed, there are talks centered on debt, with some creditors interested in the mechanics of capitalization.

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.

When the war ended, Iraq found itself in the midst of an economic depression, owed millions of dollars to foreign countries, and was unable to repay its creditors.

In those cases, the end of the debt crisis might be said to arrive when the confidence of foreign creditors was restored and they again began to extend credit.

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.

220. A second sub area, broadly referred to as quot access and recognition quot , concerned the granting of access to the courts to representatives of foreign insolvency proceedings or creditors, and to giving recognition to orders issued by foreign courts administering insolvency proceedings.

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.

Government creditors have not been under the same pressure.

A policy of concessions from creditors therefore remained necessary.

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.