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"The last place they should be is under creditor protection."
They continue to operate while under creditor protection as of March 2009.
The next day an Amsterdam court extended temporary creditor protection.
It said those factors had "combined to increase the risk and negatively impact creditor protection."
The European Parliament report has put forward alternative solutions to improve creditor protection.
It filed for creditor protection on Dec. 15.
It means companies would be able to choose between a solvency-based or capital-maintenance-based creditor protection regime.
Secondly, the supposed creditor protection: creditors who depend on the annual balance sheet are in the minority.
AbitibiBowater emerged from creditor protection on 9 December 2010.
Severance payments to employees laid off prior to the creditor protection filing are being withheld.
Zoom subsequently announced it had requested creditor protection.
Orders under divorce and creditor protection laws can typically be made against that individual notwithstanding the alleged independence of such trustees.
On 22 June 2009, the airline announced it had been granted creditor protection while it restructured its debts.
Protective trusts are subject to challenge under creditor protection legislation as are any other forms of asset-protection.
When the company filed for creditor protection, it listed assets of $1.2 billion and liabilities of $1.4 billion.
In 2010, Sitebrand obtained creditor protection.
The application for creditor protection, similar to a Chapter 11 bankruptcy filing in the US, calls for cutting costs.
But on the other hand, one has to ask how far such measures can go without unduly damaging the concept of creditor protection in possible bankruptcy proceedings.
Mr. Pollitt's lawyers will make their arguments at the same time as Stelco tries to extend its creditor protection.
The company said that its operating losses have increased since it filed for creditor protection under Chapter 11 of the Federal Bankruptcy Code.
On Feb. 14, the company sought creditor protection under Chapter 11 of the Federal Bankruptcy Code.
Published reports indicate that the company had filed for protection from its creditors, but that it anticipates emerging from creditor protection soon.
The figures do not include the 234 stores Ames closed last year after seeking creditor protection under Chapter 11 of the Federal Bankruptcy Code.
As of April 2009 (prior to seeking creditor protection), Canwest owned, in whole or part, a variety of Canadian media assets, including:
The strong creditor protections afforded to derivatives counterparties, in combination with their complexity and lack of transparency however, can cause capital markets to underprice credit risk.