On Monday, the retailer failed to make a $5.5 million interest payment to creditors.
Furthermore, the debt management company usually instructs the consumer not to make any payments to creditors.
Wall Street analysts declined to handicap the outcome, saying it would depend on what offers were made to creditors out of court.
Companies financed with borrowed money can deduct the interest payments they make to bondholders and other creditors.
This is a schedule of when you will make repayments to creditors.
An administrative receiver does not make payments to unsecured creditors.
This is to make the employer junior to general creditors so that the employee can avoid current inclusion into income.
Would bar credit card issuers from increasing interest rates because a cardholder made late payments to other creditors.
The Treasury Solicitor is unable to make payments to creditors.
A second, final disbursement was made to creditors in August 2006 for $0.0006276 per dollar of allowed claims.