The fact that minor creditors forced the bankruptcy has nourished various conspiracy theories over the years.
With their recapitalization plan rejected, the creditors could force the airline into bankruptcy.
If the plan is rejected, creditors could force the company into liquidation.
That is important for Mcorp to persuade creditors not to force an auction of its remaining healthy banks.
On several occasions, creditors nearly forced the station into receivership.
Eventually, the airline's creditors and its board forced his departure.
Western Union's creditors did not force the sale, but they "were anxious to see us sell a business," he said.
It is expected now that its creditors will not force their hand until the sale is completed.
A creditor could force debtors to work for him, but not sell them.
At that point, a creditor could force the company into an involuntary bankruptcy filing, bond specialists said.