The liquidator was entitled to claim the funds in the joint account on behalf of MG's creditors. |
Under the terms of the agreed plan, secured creditors will receive a small proportion of the money owed. |
After all, the creditors should also pay the costs of their reckless credit decisions. |
But it is a policy that must be pursued on the quiet so as not to spook the country's growing legion of foreign creditors. |
He believes there are creditors and shareholders who believe the club's worth cannot be summed up in a profit and loss account. |
The three C's that credit creditors look at when determining their qualification are capacity, character, and collateral. |