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The stability facility would not place private creditors at such a disadvantage.
Stockport County have entered administration after failing to keep their creditors at bay.
They may then buy the remaining 60 rights from the senior creditors at $1 each.
Regulators would not face a choice between creditors at home and abroad.Such reforms are not without their costs.
But the credit reporting companies have also faced criticism for being overly deferential to creditors at the expense of consumers.
Carter's bankruptcy, like all such filings, will keep creditors at arm's length, at least for a while.
The agreement must be approved by 75% of BHS's creditors at a meeting scheduled for 23 March.
We probably could make a 10% payment to all qualified creditors at this point, but probably not much more".
He argued that the measure would enrich creditors at the expense of people "in brutal economic circumstances".
Three-quarters of creditors at the meeting needed to vote in favour of the CVA for it to be approved.
Those payments, which were criticized by creditors at the time, may have bolstered the value of the trading business.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com