Under the bill, a single creditor could block the bankruptcy reorganization of a company, threatening the company's viability and the paychecks of its employees.
Apollo is now Olympia & York U.S.A.'s largest single creditor, holding more than $400 million face amount of its debt.
They refused to do so, however, and instead asked every single creditor for an extension and drove through the countryside to collect money to pay back the debt.
Metropolitan Life appears to be the single largest creditor, with a secured debt of $220 million.
"I've not heard of the company being in arrears to a single major creditor," Mr. Gersovitz said.
It confirmed that the largest single creditor was Deutsche Bank, with about $700 million in loans to the concern.
The single largest creditor is Congress Financial Corporation of Manhattan, which lent the Wiz $150 million.
Germany is the biggest single creditor in the Paris Club, holding about half the total owed.
They had better get accustomed to it., The bank was her single largest creditor.
When initially introduced, the CVA procedure was not frequently used because a single creditor could veto the plan, and seek to collect their debts.