Sentences with phrase «general creditors»

In liquidation, they would be treated at general creditors, behind the policyholders in liquidation preference.
In the event of the failure of PNC Bank, deposits with PNC Bank Canada Branch would be treated as unsecured general liabilities, and creditors would be considered general creditors of PNC Bank.
Representation of the Trustee in the SIPA liquidation of Lehman Brothers Inc. in numerous general creditor claims litigations
We Pledge to ensure that the filing of a new bankruptcy case by our office will legally stop all creditor collection activity, including foreclosures, repossessions, court proceedings (other than criminal prosecutions), garnishments (other than domestic support obligations), threats, creditor calls, collection letters, and general creditor harassment.
If the collateral is insufficient to pay off principal and interest, the covered bondholders are general creditors for the difference.
Among other engagements, Ashley has served as counsel to the Trustee in the SIPA liquidation of Lehman Brothers Inc., handling multi-million dollar unsecured general creditor claims against the estate concerning securities, contract, and employment disputes.
If at least some money is recovered, then the trust funds will go directly to the Realtors and not to the other general creditors, which would otherwise be the case.»
In the event of failure of PNC Bank, National Association, deposits with the PNC Bank Canada Branch would be treated as unsecured general liabilities, and you would be considered a general creditor of PNC Bank, National Association.
Cash in a fund's custodian bank account generally would be treated as a deposit obligation and become part of the custodian bank's bankruptcy estate, accessible by its general creditors.
If the seller files for bankruptcy, the buyer is considered a general creditor.
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