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Viação Aérea Rio-Grandense, the Brazilian airline known as Varig, filed for bankruptcy court protection, stopping a creditor from seizing 11 of its planes.
Nothing in this subsection shall be deemed to prohibit a creditor from applying against the credit limit on the obligor's account the amount indicated to be in error.
"The prime reason for seeking protection is to prevent any individual creditor from taking action on its own, which would be against the interests of Sea Containers and the majority of creditors.
Neither the Code nor the Rules prevent the parties from stipulating to the underlying facts of undue hardship, and neither prevents the creditor from waiving service of a summons and complaint.
Emails cited by the prosecution showed that Mr. Manafort was trading heavily on his connection to the Trump campaign in seeking those loans, one of which he used to prevent another creditor from foreclosing on one of his homes.
The Libertad, a three-mast tall ship with 330 navy cadets and crew aboard, was seized at Tema, an industrial port east of Ghana's capital, Accra, on Oct. 2 through a court order obtained by N.M.L. Capital, a holdout creditor from Argentina's default a decade ago that says it is owed more than $370 million.
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A US court has ordered Argentina to meet with its creditors "continuously" from today until they agree a deal.
The city paid off its last creditors from the bankruptcy in 2007.
This discourages a bank's creditors from bolting, sparking a broader panic.
The gain for Greece's creditors from Grexit would be one of discipline.
Its lawyers are negotiating with roughly 4,000 creditors, from suppliers to hedge funds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com