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And what would she do if her new creditor demanded immediate repayment in full?
Eventually, the new creditors will assert themselves to ensure that their money is used on their terms.
With the court's permission, a bankrupt enterprise can attract money by assigning a new creditor priority over the old ones.
However his position was unsafe because he himself had new creditors who had financed his armies and therefore had a hold on him.
A negative pledge bars Vivendi from assigning collateral to new creditors unless it first receives approval from existing lenders.
The original creditor (cedent) loses his right to claim and the new creditor (cessionary) gains that right.
Still, I am his newest creditor, and I shall chase him for my cash as Javert hunted Valjean.
For a start, Li told the FT, European leaders can endear themselves to their potential new creditors by ending their criticisms of China's foreign exchange policy.
To get the money to retire the old debt, the company must convince new creditors that Greyhound will return to profitability soon despite continuing labor troubles and a weak cash position.
By the same token, if the I.M.F. had the authority to put new creditors at the head of the line, it would allow countries to borrow in private capital markets to meet vital needs.
Third Party Payments - How to apply - A guide for new creditors (64KB) A guide for creditors - for example, utility suppliers and landlords.
As it turned out, Mr. Bouley said, on Sept. 14 he was to sign an agreement with new creditors that would have permitted him to build a 35-room boutique hotel above two restaurants in the building.
When those creditors sell those bonds, loans and accounts receivable for pennies on the dollar to firms that try to collect them from the Greek government, will you condemn those new creditors as well?
A brewery loan which had kept the club afloat both at Sutton (Highfield) and later on at Prescot changed hands and the new creditors wanted the loan to be repaid immediately.
Emmanuel received him; this young man was alarmed by the appearance of every new face, for every new face might be that of a new creditor, come in anxiety to question the head of the house.
Placing a security freeze on a credit report would prohibit credit reporting agencies from releasing any information about you to new creditors, making it difficult for an identity thief to open an account or obtain credit in your name.
Teufel, while still being solvent and profitable, experiences difficulties securing new creditors and decides to operate on a cash-only basis and scale back it operations, liquidating a portion of its assets in 2010 In June 2011, Teufel repaid its major creditors in full.
If the debtor is unaware that his obligation is to a new creditor (i.e., the cessionary), he may still discharge his obligation to the cedent, in which case the cessionary will lose his claim (although he may have an action for unjustified enrichment against the cedent).