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Policies are being designed to help borrowers, not creditors.
Fans want money to be spent on players, not creditors (or owners).
"In taking delivery," Heclo writes, "institutionalists see themselves as debtors who owe something, not creditors to whom something is owed".
Hummer Winblad and Bertelsmann do not stand to receive that money because they are considered investors, not creditors.
Creditors whose claims result from acts in, or expenditures for, the administration of the bankrupt estate are not creditors of the bankrupt and are paid before the latter.
Frequent-flier miles, after all, are not real currency, so members of American's AAdvantage program are not creditors in bankruptcy court.
Similar(52)
But the ferocity of their initial disapproval suggests that small sweeteners will not persuade creditors to change their minds.
Because the fund is often a troubled debtor's only source of cash, the terms on which it lends can dictate whether or not other creditors get paid.
If not, his creditors will get the lion's share of the loot.
(If you do really give assets away to someone else in trust, they are usually protected from future, but not current, creditors. ).
It's like a debtor's bill of rights, although it applies only to third-party debt collectors, not original creditors.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com