Unsecured Creditors

Some articles on unsecured creditor, creditor, unsecured creditors, creditors, unsecured:

Unsecured Creditor
... An unsecured creditor is a creditor other than a preferential creditor that does not have the benefit of any security interests in the assets of the debtor ... In the event of the bankruptcy of the debtor, the unsecured creditors usually obtain a pari passu distribution out of the assets of the insolvent company on a ... Although in a liquidation the unsecured creditors will usually realize the smallest proportion of their claims, in some legal systems, unsecured creditors who are also indebted to the insolvent debtor can (and ...
Dynegy - 2012 Bankruptcy
... Supreme Court ruling which made it difficult for creditors to sue an LLC's board of directors for failing to uphold their fiduciary duty ... The goal was to protect Dynegy's secured creditors at the expense of its unsecured creditors ... trustee, the board of directors of Dynegy Holdings, and its other creditors ...
Pension Benefit Guaranty Corporation - Pensions and Bankruptcy
... in bankruptcy, thereby obtaining priority treatment ahead of the unsecured creditors ... sometimes resulting in a benefit to general unsecured creditors ... awards after commencement of a bankruptcy filing results in claims that take after more senior creditors ...
Secured Transaction
... The law treats differently those creditors who are secured (i.e ... perfected security interest) from those creditors who are unsecured ... An unsecured creditor is simply a person who is owed money and has not received payment according to the terms of the agreed upon transaction ...
British Labour Law - Job Security - Business Transfers and Insolvency
... money due employees achieves the status of "super priority" among different creditors' claims ... Preferential creditors, ss 40, 115, 175, 386 and Sch 6 4 ... Ring fenced fund for unsecured creditors, s 176A and SI 2003/2097 5 ...

Famous quotes containing the word creditors:

    The aim of New Deals is to exterminate the class of creditors and thrust all men into that of debtors. It is like trying to breed cattle with all cows and no bulls.
    —H.L. (Henry Lewis)