Sentences with phrase «priority claim in the bankruptcy»

In hindsight, it might have been a good idea to give pensioners a higher priority claim in the bankruptcy pecking order.

Not exact matches

In the Chapter 13 Bankruptcy, the trustee pays creditors in order of the claim they hold — priority, secured and unsecureIn the Chapter 13 Bankruptcy, the trustee pays creditors in order of the claim they hold — priority, secured and unsecurein order of the claim they hold — priority, secured and unsecured.

In the event of company bankruptcy, preferred shareholders have a higher priority claim on company assets than common shareholders.

Bank debt is a loan to a corporation that typically has first priority to make claims on the company in bankruptcy, ahead of the bondholders, much less the preferred stockholders and the common equity.

Preferred stock is special stock sold to particular institutions or individuals that grant the holder priority over common stock holders in terms of dividends and bankruptcy claims.

Under s. 81.3 of the Bankruptcy and Insolvency Act (BIA), employees of a bankrupt employer had security for wage claims up to $ 2,000 that ranked in priority against current assets above every other claim.

When the trustee has collected all of the person's nonexempt property and converted it to cash, and when the court has ruled on the trustee's objections to improper claims, the trustee will distribute the funds in the form of dividends to the unsecured creditors according to the priorities set forth in the Bankruptcy Code.

In court papers explaining its bankruptcy plan, Aeropostale said that it may seek a judgment that disallows or lowers the priority of Aero's claim.