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Indeed, analysts say, some banks grant favored debtors generous grace periods or other accommodations and call it a resolution to a bad debt.
Political influence, cronyism, favored debtors.
Legislators sought to relieve some of the financial burden by passing a law of replevin which favored debtors.
Many states also regularly favored debtors over creditors by altering the length, terms, and payment modes of private contracts.
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Other countries have bankruptcy laws, too, of course, but they generally favor creditors; our laws favor debtors, and always have.
But laws governing failed banks differ markedly from country to country, with some favoring debtors and others, creditors.
Those who favored laws favorable to debtors were dubbed the "Relief Party" and those who favored laws protecting creditors were called the Anti-Relief Partyy". Anti-Relief Party
Politicians of the day generally divided into those who favored measures favorable to debtors – called the "relief" position or party – and those who insisted that creditors be paid in a timely manner – called the "anti-relief" position or party.
The first —primarily composed of land speculators who had bought large land parcels on credit and were unable to repay their debts due to the financial crisis —was dubbed the Relief Party (or "faction") and favored more legislation favorable to debtors.
The judge made a preliminary ruling in the debtors' favor — he issued an injunction banning the city from "collecting or attempting to collect all outstanding fines, fees, costs, surcharges, or the outstanding balance of any monies owed to the City or to Judicial Correction Services, Inc. ('JCS') associated with traffic tickets".
Sitting governor Gabriel Slaughter had lobbied for some measures favored by the state's debtors, particularly punitive taxes against the branches of the Bank of the United States in Louisville and Lexington.
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