Sentence examples for creditors time from inspiring English sources

Sources close to Greece's chief negotiator and finance minister, Euclid Tsakalotos, said he had finalised and submitted a plan of reforms for a third bailout to give creditors time to review it ahead of a summit of EU members on Sunday.

The delay is to allow their Lithuanian-based major shareholders and creditors time to consider a company voluntary arrangement (CVA) offer.

If you are managing your cash flow well and have a history of making payments to your creditors on time, you should be able to open a business line of credit for times when business slows down.

It wasn't the creditors this time.

Mr. Muller responded by voluntarily seeking court protection from creditors, gaining time to seek funds.

When pressed, no one in the room seemed to think that JPMorgan Chase or any other behemoth could really fail – implying losses for their creditors – any time soon.

In contrast to the last debt crisis, most of the creditors this time are not foreign banks but Brazilian banks and pension funds.

He said today that the hearing would be postponed until Sept. 9 to give creditors more time to obtain information on the company's changing financial prospects.

[C12.] Judge Extends WorldCom Talks Judge Arthur J. Gonzalez of United States Bankruptcy Court gave WorldCom and some creditors more time to settle their differences.

But what precisely happens when countries stop paying what they owe?When a country fails to pay its creditors on time, it is said to go into "default", the national equivalent of going bankrupt.

Although the latest rescue includes a complex bond buyback scheme, which will shave about €30bn from the country's €340.6bn debt pile, it was, he argued, still a case of creditors "buying time" and, as such, was far from adequate.