Sentence examples for of existing creditors from inspiring English sources

"The imposition of an irrecoverable fine on an entity now in liquidation is futile and only prejudices the ability of existing creditors to recover any money.

"The imposition of an irrecoverable fine on an entity which is now in liquidation is futile and only prejudices the ability of existing creditors to recover any money.

In the United States, except in the case of insiders, the preference period is 90 days before the date of the petition; transfers to existing creditors made within that period that have a preferential effect are voidable, unless the debtor was neither insolvent at the time of the preferential transfer nor rendered insolvent thereby or unless the payment was made in the regular course of business.

If they are unable or unwilling to do this, for example because of the so-called debt-overhang problem — that their debts to existing creditors weigh too much on new investors — we should allow and encourage new entrants.

The share you own is a share of the company that's now in bankruptcy and you're in the back of the line behind all of that company's existing creditors.

Under the deal, certain reinvestment opportunities will be offered to some existing creditors of the company.

This law provides a unified procedure establishing a mandatory period of observation to determine whether the insolvent enterprise can be rescued, if necessary at the expense of the owners and existing creditors, or whether liquidation is unavoidable.

Very little, if anything, of that million dollars will go the paper's existing creditors.

Instead, these companies insulate themselves from existing creditors by obtaining a new line of credit called a DIP (Debtor In Possession) loan that is senior to all existing loans, and then proceed to continue operations as before, albeit with a judge's blessing.

By then, the debtor country could, ostensibly, afford to repay part of what it owed; it's important to reconcile with existing creditors if a country wants to borrow more money in the international markets.

Along with the equity of the good bank, these assets would be owned by the existing creditors.