Indirect links via common creditors play a role too.
(According to a 2012 U.S. bankruptcy court ruling, the two firms filed for bankruptcy several months later and shared "common creditors, including unpaid sub-contractors").
At the same time, Mr. Simon said, with a tenancy in common, if a creditor gets a judgment against an owner, that creditor also can ask a court to partition the property.
Because this is a very common practice, many creditors ask company A to co-sign loans to company B before they give them any money; however, the two-company approach gives you some protection and gives you a little more control if things turn sour.
In addition, Norris said, "In about half of the common law states, a creditor cannot go after certain joint property to pay the separate debts of one spouse".
And it looked as if Tsipras could have found common ground with his creditors on reforms aimed at more effective tax collection, especially on Greece's super-rich.
The English common law early recognized the creditor's possessory lien, a right of a creditor to retain possession of a debtor's goods until the satisfaction of the debt, generally the payment of the purchase price.
Greece's deputy prime minister has endorsed growing expressions of optimism over talks with the country's creditors, saying enough common ground has been found to enable the two sides to reach an agreement.
It is common for candidates to ask creditors to hold back invoices in the 30 days before finances must be reported to the Federal Election Commission, according to Ed Rollins, Mrs. Bachmann's former campaign manager.
The usual Chapter 11 battle has management siding with the holders of common stock and against the creditors.
