Sentence examples for creditors obtained from inspiring English sources
When consumers did not appear in court, lawyers for creditors obtained court orders allowing them to take consumers' money directly from bank accounts or to garnish wages.
This led to strong resentments against tax collectors and the courts, where creditors obtained and enforced judgments against debtors, and where tax collectors obtained judgments authorizing property seizures.
His creditors obtained a deficiency judgment for the unpaid portion of his debt after the foreclosure, and, following his death, forced the sale of some of his furniture and parts of his personal library in partial satisfaction of his remaining debts.
Indeed, the debtor parts of Dynegy will have to consider whether their plan remains viable - Chapter 11 requires that every objecting creditor obtain at least as much as they would in Chapter 7. A majority can't consent to less.
ICG Communications Inc. said yesterday that it filed for Chapter 11 bankruptcy-court protection from its creditors and obtained a $350 million loan from Chase Manhattan Bank to keep operating while it reorganizes.
After his father fled to France to escape his creditors, Patmore obtained a position in the library of the British Museum, London, and worked there for 19 years.
If one or more of your creditors has obtained a country court judgment against you then the court itself may decide to make an administration order.
Creditors automatically obtain payment from your bank account on a schedule you authorize in advance.
Mr. Armstrong said bankruptcy procedures allowed for other bidders so creditors could obtain the best price for National's assets.
Thai Petrochemical is reportedly nearing a deal with its creditors on obtaining as much as $170 million in working capital to buy crude oil.
It is the reality of modern corporate finance that distressed companies often enter bankruptcy with all of their assets pledged to senior lenders, who then tend to do quite well in the bankruptcy case, while unsecured creditors barely obtain anything.
