Creditor's committee

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.
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Industry observers attribute the success of the plan to the controlled liquidation managed by the Trustee in collaboration with the Creditor's Committee, under the close supervision of Chief Bankruptcy Judge Burton R.
Melnik, 42, who recently represented the first ever worldwide creditor's committee and currently serves on the advisory board of the Russian Federation's Agency on Bankruptcy of State Enterprises, has moved her practice to the international law firm of Rogers & Wells.
2 in collected accounts receivables, was rejected by Pliant's creditor's committee, represented by the Loomis Bond Fund.
23, received the support of the Creditor's Committee on Dec.
The Creditor's Committee supported the Company in seeking approval of the sale.
The approval of the principal terms of the reorganization plan by the creditor's committee is a major step forward in our restructuring of the Company," said Michael O.
Rutherford said that the Creditor's Committee has selected individuals of high integrity with outstanding business and judicial expertise.
The company, the Creditor's Committee and the lender have also reached an agreement in principle relative to the terms of the reorganization plan.