The most prominent institutional and individual creditors in the period we have studied, such as the partners in the Smith, Payne & Smith bank, were Anglicans or non-conformist Protestants.
"Thus you avoid the holdout problem and individual creditors engaging in brinkmanship trying to get the best deal for themselves," said Gregg L. Weiner, a partner in the law firm Fried, Frank, Harris, Shriver & Jacobson who represents many borrowers.
Judge McMahon acknowledged that "allowing the trustee to pursue claims that belong properly to individual creditors would accrue to the benefit of all creditors by augmenting the bankruptcy estate," the primary source from which Mr. Picard hopes to compensate the cash losers in Mr. Madoff's scheme.
I have my suspicions that the only answers she was really interested in were the ones to the questions she popped at the very end of the interview: have you sold any assets in the last few years?; and have you paid off any individual creditors?
7. Potential protection from creditors According to MSFS/CFP Leonard P. Raskin, "If assets are titled 'Tenants by the Entirety', the assets of each are protected from individual creditors.
The report very rightly stresses the need for strengthening cooperation between supervisory authorities on both sides of the Atlantic, especially at a time when governments will focus on short-term salvage operations, bailing out or propping up bankers and individual creditors.
Call individual creditors and discuss what can be done.
In the process, Mr. Martinez became the biggest individual outside creditor, owning about $600 million worth of claims.
Generally, auditors only owe a "duty of care" to the company as a legal person rather than to any individual shareholder, creditor or other stakeholder.
