Sentences with phrase «over other creditors»

What that means is the creditor received payment in preference over other creditors that hold the same weight.

Part of the rationale for the longer look - back period for insiders is that they have an edge over other creditors.

What you can do is sue in court and demand priority over other creditors, but...

The decision provides that in some cases pension funding obligations can rank ahead of DIP security and security on working capital assets of an organization, and that organizations have a duty to plan members to keep them informed of key steps in financial restructurings, to serve them with formal notice of proceedings in CCAA cases, and to defend the priority provided by the PBA to pension claims over other creditor claims.

It just makes sure that the IRS will get the first rights to your property over other creditors.

The privileges that the IRS has as a creditor over other creditors, does not only affect them but also...

with the intent to give a creditor an unjust preference over other creditors or over any one or more of them; and

The decision to seek a windup of Sears» pension plan will protect employees» ability to argue that they should receive priority over other creditors.

In other words, the court knows that you're likely to choose to repay them over other creditors.

to void, as against the creditors of the person a consent judgment given by a person to those creditors, being at the time in insolvent circumstances or unable to pay his, her or its debts in full or knowing himself, herself or itself to be on the eve of insolvency, voluntarily or by collusion with a creditor with intent thereby to defeat, hinder, delay or prejudice creditors wholly or in part, or to give one or more creditors a preference over other creditors or over any one or more of them;