Bankruptcy protects the debtor from debt collection by creditors.
However, in recent years, lots of companies dodge creditors in name of bankruptcy, and nibble creditors' benefits away.
Therefore, when providing accounting information to its creditors, an enterprise shall offer financial reports that differ in form or content to meet different demand from the creditors.
The creditors could Sue or place a lien on a cardholder's house.
Panic about the Greek government's ability to repay its creditors is infecting other euro-area countries' sovereign debt.
Mr Tsipras believed that a cave-in by the creditors was inevitable because they are determined that the euro should stick together.
The threat of being wiped out in bankruptcy could cause creditors to flee both the troubled firm and any firms like it, precisely the sort of panic the resolution regime is meant to avoid.
And he didn't know who egged them on, but the three creditors of the shop, on the excuse that they "needed a little money to buy rice, " all showed up to draw out some advance interest.
Her creditors were more pitiless than ever.
If robbers abounded, tax-gatherers and creditors had disappeared.
To attend the creditors' meeting, the agent shall submit a letter of power of attorney to the people's court or to the chairman of the creditors' meeting.
The issue is whethers 47(2) applies to render the agreement void against the creditors.
None of this is good news for creditors, who will surely not put up with the situation for long.
Austria and Germany had borrowed heavily from foreign creditors and the bank's failure rippled around the world, vastly intensifying the Depression.
Usually the creditors could not recover the full amount and they will be paid in proportion to the size of their debts, but certain debts have priority, such as wage arrears or severance payments.
The legal representative of the debtor must attend the creditors' meetings and answer the creditors inquiries.
That means they’re not subject to the claims of creditors
In the credit scenario, debtors and even most creditors lose everything in the end.
Will they stop the problem of creditors running for the hills at the first sign of trouble?
Article 33 Mortgage as used in this Law means that the debtor or a third party secures the creditors rights with property listed in Article 34 of this Law without transference of its possession.
make a composition with one's creditors
The legislation to protect creditors' rights is not well. Many laws were made by different departments are not coordination. The creditors' rights cannot be realized.
Ministers are now talking openly about it, albeit in a "soft" form involving creditors voluntarily stretching out the maturities on their loans to Greece, rather than imposing losses on creditors.
That is causing huge headaches for U.S. landlords and creditors, but it means opportunities for cash-rich investors looking to fill funding needs and rack up handsome returns.
Resolutions of the creditors' meeting shall have binding force on all the creditors.
Forced to pay higher interest rates to attract depositors and other creditors, its profitability would suffer.
Ireland's finance minister, Brian Lenihan, ruled out imposing losses on senior creditors, but said he expected subordinated debt holders to take a hit.
Creditors must pay for failures, but when creditors get wary, the authorities rush to prop up markets.
That prospect did alarm creditors in the 1980s when the real yields on government debt shot up.
He bilked his creditors.
By about eleven, the horde of creditors in the Lin shop were quarrelling with a tremendous din.
The chairman of the creditors meeting is designated by the people's court from among the creditors with the right to vote.
Wherever he went, the creditors would follow him.
All this is causing fury among both creditors in Europe and party loyalists at home.
Article63 Upon dissolution of the partnership, the original partners shall be jointly and severally liable for the debts incurred by the partnership in its duration, provided that the liability shall terminate if the creditors fail to make a claim against the debtors within5 years.
At any rate, as we return to the gold standard, the new gold valuation can be whatever is necessary to allow the Fed's stock of gold to be allocated 100 percent to all its creditors.
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