"Individual creditors" refers to individual people or businesses who are owed money by another person or organization. These individuals have lent money or provided goods or services on credit and are waiting to be repaid. Full definition
The Court of Appeal found that the case law establishes that a trustee may pursue claims on behalf of the bankrupt estate, but may not pursue the claims of individual creditors. (slaw.ca)
On the other hand, you will be wasting alot of money just dealing with individual creditors, one at a time. (thedigeratilife.com)
In a bankruptcy where allegations of fraud and diversion of assets are made against the bankrupt company, the claims by individual creditors will be dealt with through the ordinary bankruptcy process. (slaw.ca)