Sentence examples for debtor firm from inspiring English sources

A bankruptcy trustee essentially takes over a debtor firm with all the authority that its directors and officers previously held for its management and operation.

Their implementation, however, require that neither the debtor firm nor the creditors' file for bankruptcy.

Junior creditors issue debt supported by the residual value of the debtor firm.

We will examine the incentives to file for bankruptcy of both the debtor firm and its creditors, as alternative procedures such as mortgage foreclosures can only take place if both parties refrain from filing.

The main insolvency procedure before the Enterprise Act 2002, administrative receivership, is normally characterised as a foreclosure, since it was a procedure for the enforcement of a security interest (a floating charge) covering all or nearly all the assets of the debtor firm, while administration is normally classified as a bankruptcy procedure (Djankov et al. 2008).

In short, creditors with enough credit default swaps may simultaneously have control rights and incentives to cause the debtor firm's value to fall.

Debtors have defrauded their creditors.

If banks are forced to write off bad loans and foreclose on debtor firms, this will lead to rising bankruptcies and unemployment.

He calculates that a three-percentage-point rise in rates would add 4.5% to disposable income and lift consumer spending by 3.5%.But might increased consumer spending not be cancelled out by reduced spending by debtors: ie, firms and the government?

So the cycle of hassle begins yet again – from a firm the debtor has never heard of.

The administrators said they were continuing to work on realising the value of the remaining assets, which included IT systems, machinery and leasehold properties, as well as the firm's debtor book.