Sentence examples for benefit creditors from inspiring English sources

Lehman Brothers' corporate-art collection is being sold off to benefit creditors.

But, after calculating the potential costs and delays, it instead pursued an insolvency proceeding to benefit creditors that is governed by state law rather than federal bankruptcy law.

Republicans huffed that such a fund would be seen as a promise to bail out all and sundry.Mr Dodd has agreed to drop the fund (though the costs can be recovered after a bankruptcy) and to require regulators to recoup any benefit creditors enjoy from a bail-out.

But the city council says that plan would benefit creditors at the expense of the city.

Under current law, debtors are allowed to declare bankruptcy and have their assets sold off to benefit creditors.

"If the CVA is rejected then the club will be acquired on a newco basis which will not benefit creditors, nor will it benefit the club in terms of participation in Europe.

The bail out also benefits creditors by enhancing their return (as the new shareholders) and makes them more willing to throw good money after bad.

Turning now to the sections of the Ohio laws in question—the right to proceed by due course of law to recover particular property transferred as prohibited in section 6344, and to cause the same to be administered for the equal benefit of creditors, as in cases of assignment to trustees for the benefit of creditors, has long been part of the statutory law of Ohio.