The plan must be approved by the Federal bankruptcy court and a committee representing Eastern's major creditors.

But being a major creditor gave him enormous incentive.

All three credit bureaus and many major creditors have agreed to accept the affidavit.

But if the strong objections already voiced by some major creditors are not mollified, the deal could fall apart.

Federated, as another major creditor, could also challenge an extension.

Presumably the other major creditors would put up roughly the same amount as Japan, spreading it among themselves according to some formula.

The firm was taken over by its major creditor, Continental Motors, in late 1932.

So here the company was granted an administration order, which led to its major creditor granting funding to continue four building contracts.

Alpenrose Dairy, as the major creditor, gained control of all the stores.

Its major creditors were threatening to sue the company and push it into bankruptcy.