Sentence examples for creditors status from inspiring English sources

It emerged Chainrai has £12m secured creditors' status on the club and £7m unsecured.

China has now achieved creditor status.

As with other supranational institutions, Fitch, however, expects the EU and Euratom to benefit from preferred creditor status compared with private creditors in a default scenario.

The UK achieved creditor status in the 1800s and the US in the early 1900s, and the markets rewarded them with hard-currency status.

Under Italian law, any lender to a company that has filed for bankruptcy protection receives privileged creditor status, meaning it will be paid back first.

Reports suggested, however, that the ECB is prepared to waive its preferred creditor status under which the central bank would rank ahead of private investors in the event of a default.

The Polaroid Corporation said yesterday that it had received a one-month extension on loan waivers and secured creditor status to its bondholders to help with its debt restructuring.

The E.C.B. will not set a limit on how much it buys and will not insist on senior creditor status, which means being paid ahead of others in the event of a restructuring.

This "preferred creditor status" is one reason why the World Bank's bonds are rated AAA, even though most of its loans are to a host of risky developing countries.

Relying on vast infusions of money from the IMF could actually worsen the problems of a country like Italy, since the fund's presumed preferred-creditor status would push private bondholders further down the pecking order.

Germany is, however, considering another, less dramatic proposal that could help calm markets that are increasingly fearful of a default of a euro zone nation: removing preferred creditor status from the European Stability Mechanism, the euro zone's permanent rescue fund, which is about to come into operation.