Sentence examples for general creditors from inspiring English sources

(It protects your house from general creditors to which you owe money).

In a filing with the federal bankruptcy court in Manhattan, the trustee, James W. Giddens, asked that claims proceedings be set up for brokerage customers, securities account customers and general creditors of the brokerage.

In a filing with the bankruptcy court in Manhattan, the trustee, James W. Giddens, asked that claims proceedings be set up for brokerage customers, securities account customers and general creditors of the unit.

The court-appointed trustee overseeing the liquidation of failed firm's brokerage unit has asked that claims proceedings be set up for brokerage customers, securities account customers and general creditors of the brokerage unit.

But he explained that net winners, like all Madoff victims, still had fraud claims they could assert against the estate as general creditors once the net losers were made whole.

In states with homestead exemptions, the losers, of course, are general creditors and injured patients whose jury verdicts will not be able to be satisfied from the forced sale of a doctor's home," López wrote in an email.

"In the worst case, the unfunded portion would become a general creditor," he said.

"Our hope is that there will indeed be a general creditor fund and all of these claimants will have a chance to participate in that," Mr. Sheehan said.

"The I.R.S. has much more authority than any general creditor" to attach assets, he added, and people who lie or try to hide assets can face severe penalties.

An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt.

Suppose further that a general creditor had a money judgment of $50,000 against the beneficiary and that the trust distributions are neither specifically intended nor required for the beneficiary's support.