Your English writing platform
Discover LudwigExact(7)
The unsecured creditors received 80 cents on the dollar.
"Creditors received the proposal and agreed to respond next week".
Reports of very high fees in cases where employees lost jobs and creditors received pennies on the dollar have shaken public confidence, according to the Justice Department.
The creditors received a "first and final dividend" of 3.4p in the pound – or about £55,000 between them a month later.
While uninsured creditors received the greatest protection, regulators even partnered with existing shareholders through the injection of public funds.
The Debt Adjustment Act of 1923 was designed to adjust farmers' debts to a level that they could actually pay, thus allowing them to carry on while still ensuring that creditors received as much as was feasible.
Similar(53)
If private foreign creditors receive preferential treatment, it might also prove embarrassing at home.
The junior creditors receive 40 rights, of which they deliver 20 to shareholders and keep 20 for themselves.
"The company is going to make its very best effort to ensure unsecured creditors receive every dollar they're entitled to," he said.
The amount creditors receive is between 10p and 50p in the pound, so a lender owed £10,000 might recover £1,000 to £5,000.
These groups will contribute $820m between them to the pension fund, but on the understanding that their cash is used to bolster the amount that pensioners, rather than other creditors, receive.
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