These creditors would sell the assets to the highest bidder.

债权人会把这些资产卖给出价最高的人。

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In Britain, for instance, the courts look at a company's worldwide balance-sheet and apportion what assets they recover to all the creditors of the failed company.

比如，在英国，法庭会考虑公司在全球范围内的资产负债情况，然后决定分配多少资产给破产企业的债权人。

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Such a transfer could be made to pay for employees, suppliers and creditors, or to purchase long-term assets and investments, or even pay for legal expenses and lawsuit settlements.

这种转移可能用于支付员工、供货商和债主，或者用于购买长期资产和投资品，亦或者用于支付律师费和诉讼费。

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The recovery rate for creditors' assets was just 12.54%.

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Once in charge of the firm, the government can discriminate among similarly situated creditors and transfer assets out of the business at will.

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If this pans out, it will provide a powerful tool for creditors to unwind business entities that are used, as here, primarily to shield assets from creditors.

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