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Creditor's Committee |
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Creditor's committee A group representing firms that have claims on a company facing bankruptcy or extreme financial difficulty. Creditor's Committee In bankruptcy, an ad hoc committee of creditors who have an interest in seeing as much debt as possible recovered from the person or company filing for bankruptcy. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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When a company is in bankruptcy or receivership, such investigations are often done at the direction of a creditor's committee, the receiver or a bankruptcy trustee. Bankruptcy Court Judge Ernest Robles to halt payments to lawyers, accountants and other professionals working for the creditor's committee. The sale must still receive approval from a creditor's committee. |
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