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

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

Judgement creditors

His son paid the debt, but Wilson went to North Carolina to escape other creditors.

However, concern remained about the debts of those countries to other bilateral and multilateral creditors.

Statutory (preferential) creditors

Even in those states where creditors have the legal authority to take other assets or wage income, the personal bankruptcy laws are so restrictive that creditors don t bother to try.

Creditors in insolvency proceedings

Protection of secured creditors

Debt to official creditors

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.

After the war, bondholders and other creditors (especially in the North) wanted to return to a gold standard.

Furthermore, it welcomed United States efforts to join the other G 7 creditors in non concessional debt reduction.

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

The economic and financial argument against direct debt relief by multilateral creditors is that these institutions rely for funds for the most part on the willingness of other creditors to place resources with them.

Sovereign debt restructurings with private creditors

It would refrain from claiming interest and repayments from post conflict countries and hoped that other creditors would follow suit.

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.

They could thus guarantee also on behalf of other creditors that the state s finances were solid, and that debts would be repaid.

On the other side are those who call for the creditors who triggered the excessive debt to be punished for their imprudence.

(b) Provide a temporal event for ordering priority among secured creditors and between a secured creditor and other classes of competing claimants.

When a large financial institution is insolvent, the IMF should take it over, guaranteeing its short term obligations, but wiping out the shareholders and repaying the long term creditors only after all the other creditors (including the IMF itself) are repaid.

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.

If a homeowner defaults, creditors can take the house, but they cannot take other property or income to make up any unpaid balance.

We welcome the commitment of the Paris Club to reduce substantially Iraq's sovereign debt and urge the other creditors to take similar decisions.

(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 holdouts are rewarded by court decisions, and the rights of recalcitrant creditors are recognized in other jurisdictions, efforts at voluntary restructuring become unsustainable.

What is more cynical is that some creditors provide development assistance with one hand and then withdraw it in debt servicing with the other.1

Indeed, a new Paris Club rescheduling is also contingent on maintaining the adjustment targets, as well as new loans from multilateral and other official creditors.

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.