Sentences with phrase «priority over other creditors»

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

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

Not exact matches

But there are special rights for the recipient if arrears exist in the past 12 months — the recipient has a priority claim over other unsecured creditors (section 136 (1)(d. 1)-RRB-

A preferred stock gets priority in receiving dividends and precedence over common stockholders (after bond holders and other creditors though) in the event of a liquidation of corporate assets (like in a bankruptcy).

The Bankruptcy Code establishes that certain types of debt have priority over others, and these creditors are therefore entitled to payment from the bankruptcy estate first.

You specifically agree not to: (1) share your account credentials with anyone else, (2) sell, offer to sell, rent, lease, trade or otherwise transfer your account, (3) sell, offer to sell, rent, lease, trade or otherwise transfer any «Gold» or other virtual currencies, game resources, in - game services like «speed - ups,» or other in - game items associated with your account (collectively, «In - Game Items»), except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (4) buy, offer to buy, accept, access or use any other user's account or In - Game Items, except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (5) link to or otherwise endorse or identify any websites, organizations, or persons that sell, offer to sell, rent, lease, buy, offer to buy, accept, access, trade or otherwise transfer accounts or In - Game Items, and (6) create or permit to exist an interest or arrangement of any kind, which in substance secures the payment of money or performance of any obligation or gives a creditor priority over unsecured creditors, over any of your rights with respect to the Game, your Game account or In - Game Items.

Secured creditors have priority over any other ordinary creditor.

For example, Terence Corcoran questions why creditors are entitled to priority status over pensioners and maintains that «the legal and financial professionals who work the lucrative insolvency field in Canada have a list of reasons to put banks and other lenders ahead of employees and pensioners, none of which deserve the reverence and support they've received from Ottawa» («Pensioners victims of inaction in Ottawa», National Post, February 5, 2013, here).

These provisions allow priority over all other existing secured and unsecured creditors but are balanced by the need to protect the debtor's existing secured and preferential creditors.

The court below found that, because the arbitrator had directed the equalization payment to be paid from the husband's share of the proceeds of sale, the award created an equitable trust in favour of the wife over the husband's share of the net proceeds of sale, in priority to other creditors.

After Wabush had sold its assets, it sought direction from the Quebec Court on whether the deemed trust in respect of the deficits and the outstanding special payments took priority over the claims of other creditors.