General Creditors financial definition of General Creditors. General Creditors finance term by the Free Online Dictionary.

General Creditor

One who is owed an uncollateralized debt. A general creditor has no lien or collateral on the debt except perhaps a claim on unpaid-for goods, depending on the nature of the goods. In the event of bankruptcy in the United States, a general creditor has no automatic right to any part of the debtor's property, and must file a proof of claim in bankruptcy court. In a no-asset Chapter 7 bankruptcy, most debts are discharged to the detriment of the general creditor. In an asset Chapter 7 case, unsecured property is liquidated and distributed to general and other creditors according to the bankruptcy court's ruling. See also: Secured creditor.

general creditor

A lender with an uncollateralized loan, such as the owner of a debenture. In the event that a borrower goes bankrupt, its general creditors are likely to recover a smaller proportion of what is owed them than secured creditors will.

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debenture Debenture Bond Liquidation Right Liquidation Rights Naked Debenture Secured Creditor Unsecured Bond Unsecured Debt Unsecured Liability unsecured loan	Andronikou says Pompey's recent struggles have left them owing pounds 32m to former owner Sacha Gaydamak, pounds 13-15m to owner Balram Chainrai, pounds 15m to the Inland Revenue and pounds 6-7m to other general creditors. No time-wasters, says Pompey administrator by Evening Chronicle (Newcastle, England) It ensures that secured creditors are paid first, followed by general creditors, then shareholders, thereby encouraging creditors to continue lending to viable firms. When businesses go bust: when strong corporations get it wrong, whole ... by Smith, Pamela Ann / The Middle East 2) Even in such fraud-ridden cases as Enron, assets were sensibly redeployed, general creditors received substantial recoveries, and wrongdoers and their fellow travelers were held to account. Antibankruptcy by Baird, Douglas G.; Rasmussen, Robert K. / Yale Law Journal	GE Gearing Gearing Ratio Gedeckte option GEL GEM Gemeinschaft Genbutsu Genbutsu Kakaku Genbutsu Kessai Genehmigtes kapital General Acceptance General Account general agency general agent General Agreement on Tariffs and Trade general and administrative expenses General Arrangements to Borrow General Average General Average Contribution general bill of sale General cash offer General Collateral Financing Trades general contractor General Creditor General Creditors General Depreciation System General Ledger general lien General Loan and Collateral Agreement General Mortgage General Obligation General Obligation Bond General Obligation Bonds General Order general partner general partnership General price level General Price Level Accounting General Revenue General Rule General Securities Registered Representative Examination General Services Administration General Straight-Line Depreciation System General Strike General Tariff General Utilities Doctrine general warranty deed generally accepted accounting principles Generally Accepted Auditing Standards Generation-Skipping Transfer or Trust	General Council on Finance and Administration General Council on Ministries General Councils General Councils General counsel General counsel General Counsel and Legal Services Department General Counsel Branch Office General Counsel Defense Docket System General Counsel Memorandum General Counsel of the Department of Defense General Counsel Roundtable General Count Platov General Counterdrug Intelligence Plan general course General Court General Court General Court Martial Authority general court-martial general court-martial general court-martial general court-martial General Court-Martial Convening Authority General Court-Martial Jurisdiction General Court-Martial Order General covariance General Crane Service, Inc. General Credit Card general creditor general creditor General Creditors General Crisis of Capitalism General Crop Estimation Survey General Cross-Correlation Process Control General Crossing General Curriculum Committee General Custer General Customer Survey General customs General Customs Administration General Daily Thread general damages general damages general damages general damages general damages General Data Communication Interface General Data Dissemination Standard General Data Dissemination System Site General Data Stream General Datacom, Incorporated General DataComm Industries Inc. Général de brigade General de Gaulle Général De Gaulle General dealer general dealers General Decision Making Framework General Declassification Schedule

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debenture
Debenture Bond
Liquidation Right
Liquidation Rights
Naked Debenture
Secured Creditor
Unsecured Bond
Unsecured Debt
Unsecured Liability
unsecured loan

Andronikou says Pompey's recent struggles have left them owing pounds 32m to former owner Sacha Gaydamak, pounds 13-15m to owner Balram Chainrai, pounds 15m to the Inland Revenue and pounds 6-7m to other general creditors.

No time-wasters, says Pompey administrator by Evening Chronicle (Newcastle, England)

It ensures that secured creditors are paid first, followed by general creditors, then shareholders, thereby encouraging creditors to continue lending to viable firms.

When businesses go bust: when strong corporations get it wrong, whole ... by Smith, Pamela Ann / The Middle East

2) Even in such fraud-ridden cases as Enron, assets were sensibly redeployed, general creditors received substantial recoveries, and wrongdoers and their fellow travelers were held to account.

Antibankruptcy by Baird, Douglas G.; Rasmussen, Robert K. / Yale Law Journal