(3) This trade debt
forms part of total general government liabilities.
* $37,179 to CP&P Construction LLC of El Dorado for trade debt
Code Section 726(a) denied interest deductibility for Dow Corning's trade debt
(1996), traditional Chapter 11 is more often used to restructure private and trade debt
, and prepacks and exchange offers are used mostly to restructure public debt.
On the other hand, its trade debts
unpaid bills owed by government rose by over 18 percent from Rs6.38 billion in June 2016 to Rs7.55 billion in December 2016.
Company B has $250 of trade debt
, $500 in interest-bearing debt and equity of $250.
In its simplest form, it indemnifies a seller against losses from non-payment of a commercial trade debt
, But the real benefit of credit insurance is much more comprehensive.
The remainder of the debt was several hundred thousand dollars in taxes, and about $2.8 million in trade debt
to a couple of hundred companies and individuals.
"The amount of trade debt
that we had at filing was very modest compared to other retailers of our size, which shows that the vendor community and Lechters dealt with each other in an up-front fashion," Cully said.
The Finance Ministry outlines the terms agreed with foreign creditors under which the country's Soviet-era trade debt
will be restructured into two sets of dollar-denominated bonds.
Revenue may argue that an arm's length supplier would not have traded with a thinly capitalized customer and that the "trade debt
" is really a means of funding the subsidiary.
"That takes senior debt and makes it subordinate to trade debt
," he notes.