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The best indicator may be prices for credit default swaps, financial instruments which make it possible to bet that a particular creditor (like a country or a business) will default on its debts.
Even if consumers buy a FICO score — like those at the myfico.com Web site, which offers scores generated by credit data from the TransUnion and Equifax credit agencies — and go to a lender that uses FICO scores, the purchased score still may not be the one that particular creditor uses.
This section is necessary because a municipality might, by reason of political pressure or desire for future good relations with a particular creditor or class of creditors, make payments to such creditors in the days preceding the petition to the detriment of all other creditors.
Disputes with a particular creditor: includes foreclosures, lawsuits, and contract disputes 6.
Another interesting point concerns the "any creditor" phrase, which makes clear that the debtor only need to have the intent to hinder, delay, or defraud some creditor, and not necessarily the particular creditor who ultimately asserted the UVTA claim.
The avoidance is only as to the particular creditor who brought the action; the validity of the transfer or obligation is unchanged by a voidable transactions action for all other purposes, i.e., between the debtor and the transferee, or as to other creditors not involved with the voidable transactions case.
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Accordingly, entities' essential role, just like that of security interests, is to pledge certain assets to particular creditors.
But people can be quite unaware of the specific implications of the way they deal with particular creditors.
Accordingly, bankruptcy proceedings are viewed as general or universal collection procedures as distinguished from individual collection remedies available to particular creditors for the enforcement of their claims.
"Unless you pay these particular creditors, who are in general players and agents, the Football League does not allow you to retain your position in the league".
One way that bankruptcy law achieves these goals is by preventing shareholders from transferring corporate assets to themselves or to particular favored creditors ahead of creditors in times of acute economic stress.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com