A great number of laws are satisfied with a petition by a single creditor regardless of the amount of his claim, the total number of creditors, or the amount of the outstanding indebtedness, so long as the debtor is unable to meet his current payments or has committed a so-called act of bankruptcy.
QN's likely liquidator, FTI Consulting, has said the company's total debts to creditors could reach about $300m.
Of the total amount, four creditors -- Citigroup, J. P. Morgan Chase, Bank One and the CIT Group -- are providing equal shares of $300 million, for a $1.2 billion package.
Hearts entered administration in June and, the following month, it was reported total claims by creditors amounted to £28.4m.
Creditors' total demands could not be satisfied by the sale of all the firm's property," he added.
The Tynecastle club entered administration in June and, the following month, it was reported total claims by creditors amounted to £28.4m.
Oh, I had creditors totalling over 40,000 pounds but I never saw more than a couple of thousands of it.
In 2010 and 2012, Greece accepted bailout deals from European creditors totaling hundreds of billions of euros in order to prevent the collapse of the Greek banking system.
According to company accounts, Aiken's two restaurants owed creditors a total of £3m.
The Nashville-based company was forced into Chapter 11 last March by a group of creditors, claiming total debts of $1.29 billion.
