It was popular in that era among creditors for two reasons.
Yesterday, there were talks among creditors but no word from the official committee, this person said.
Suppose, for example, that an estate of $400 is to be divided among creditors who claim $100, $200, and $300.
How should the estate be divided among his creditors?
The plant has remained idle since then because of wrangling among creditors.
This is to preserve equality among creditors as no enforcement action can be taken against a bankrupt.
All the stock would be divided among senior creditors in proportion to the sums they are owed.
Almost two years passed, filled with battles among Eastern's management, employees and creditors, before the airline stopped flying.
A run could also result in waste and unfairness among similarly situated creditors.
Economists say the government will need to make deep cuts just to avoid setting off a panic among Poland's creditors.