-
They consider themselves preferred creditors: lenders of last resort who should be repaid first.
ECONOMIST: Inviting China to dinner
-
If Greece had defaulted back when the problems were first evident, before the IMF, the ECB and so on became preferred creditors, then they could have had an orderly, negotiated, default at, say, a 40% to 50% haircut, the debt would be sustainable and the problem would be over.
FORBES: Will Greece Default on March 20 ?
-
Therefore, by issuing checks to persons and entities other than the IRS, during a time when the Light Brothers knew that GCAD owed withholding taxes, the Light Brothers intentionally preferred other creditors over the United States.
FORBES: What Were They Thinking ?
-
Lawyers for MLB had submitted a plan to sell the team to a preferred bidder, but creditors objected and the judge ordered an open auction.
FORBES: Dodgers Bankruptcy Filing Could Help Mark Cuban Buy The Team
-
What have been the reactions of private and official creditors holding defaulted loans to Russia to the "preferred lender" arrangement contemplated in this framework agreement?
CENTERFORSECURITYPOLICY: Center for Security Policy | The Brody Confirmation: Will Eximbank Be Allowed To Go The Way Of A Scandal-Ridden CCC?
-
It turns out, ABC is a preferred method for debtor companies backed by venture capital to satisfy creditors, because it allows such firms to preserve their assets while staying viable long enough to find a buyer for those assets.
ENGADGET: OnLive's alternative to bankruptcy: just what is an Assignment for the Benefit of Creditors?