Your English writing platform
Discover LudwigExact(4)
In a bankruptcy filing, the holders of such swaps are generally considered unsecured creditors and have to be paid after holders of old-fashioned insurance.
Mr. Gump and others who testified argued that this two-tiered outcome had undermined the rule of law in bankruptcy, where retirees with underfunded pensions were normally considered unsecured creditors, whether they belonged to unions or not.
If the bankruptcy court doesn't approve the honoring of gift cards or if the company files for Chapter 7 liquidation consumers are considered "unsecured" creditors.
According to Variety, the Weinstein Company bankruptcy may wind up being negative for Weinstein victims, since his accusers would likely be considered "unsecured creditors" and be paid "little or nothing" by the bankruptcy estate if the company's bankruptcy application goes through.
Similar(56)
Although repurchase claimants would be considered general unsecured creditors in a ResCap bankruptcy, the put-back demands would very likely be somewhat senior to those of other unsecured creditors because of their contractual nature.
Although the PFGBest customers can pursue a claim in the bankruptcy proceeding, they are considered to be unsecured creditors.
The question before the Supreme Court was whether a second mortgage could be considered such an unsecured debt because the "security" backing the loan had been wiped out by falling home values.
Consider traditional loans, unsecured credit, Rollovers for Business Start-ups, crowdfunding and others.
Therefore, the fund set aside for the general unsecured creditors should not be considered a "substantial contribution" of assets by the lenders to unsecured creditors in exchange for the Release.
It is thought around £9m is owed to investors - including Fitton - and the club have considered entering administration in a bid to wipe the unsecured debt.
It was thought around £9m was owed to investors - with total debts amassing £13m - and the club had considered entering administration in a bid to wipe out the unsecured debt.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com