BNET Business Dictionary
Business Definition for: Creditor
- a person or an entity to whom money is owed as a consequence of the receipt of goods or services in advance of payment
Wiktionary Definition for: Creditor
- # economics A person to whom a debt is owed.
Additional Resources
- A trade creditor's setoff rights in bankruptcy: no slam dunk.(CREDIT COLUMN)(USAT'S Claim Against Delphi Corp.)(Column)
- When a trade creditor has shipped goods or provided services to a financially distressed company that files bankruptcy, the creditor may be left with an unsecured claim that ranks at the bottom of the claims priority totem pole and enjoys slim pros When a...
- Research articles 2006-01-01
- Beware of the IRS If Your Creditor Writes Off or Settles a Debt
- An IRS law could cost you money if you settle a debt with a IRS Reporting Even if you don't get a Form 1099-C from a creditor, the creditor may very well have submitted one to the IRS. If you haven't listed the income on your tax return and the...
- Research articles 2006-11-01
- Administrative Claimants Do Not Have Standing To Surcharge Secured Creditor's Collateral
- This article explains the provisions of Bankruptcy Code. On May 30, 2000, the United States Supreme Court resolved a split in the circuits regarding whether Section 506c of the Bankruptcy Code provides a holder of an administrative claim with an independent right to seek payment of its claim from the...
- White papers 2003-05-30
- Creditor's Failure to Obtain Stay of Confirmation Order Moots Appeal
- This article focuses on creditor's failure to obtain stay of confirmation order moots appeal, and states that the fourth circuit ruled that when a creditor fails to obtain a stay pending its appeal of an order confirming a chapter 11 plan of reorganization, the appeal will be moot if the...
- White papers 2002-05-01
- CREDITOR PLAN TO CO-MANAGE LG CARD MAY FALL APART.
- SEOUL, Dec 30 Asia Pulse - A plan by creditors of LG Card Co. to put the ailing company under joint receivership is likely to be aborted because of opposition by several lenders, a creditor bank official said Tuesday. SEOUL, Dec 30 Asia Pulse...
- Research articles 2003-12-30
- KOREAN GOVT EXPECTS CREDITOR MANAGEMENT OF LG CARD TO LAST A YR.
- SEOUL, Jan 8 Asia Pulse - The South Korean government expects joint management of LG Card Co. (KSE:032710) by its creditor banks to last a year, a ranking finance ministry official said Thursday. SEOUL, Jan 8 Asia Pulse - The South Korean government expects...
- Research articles 2004-01-08
- Kmart lessons learned hard way.(Opinion)(board of directors to be creditor-approved)(Brief Article)
- Kmart Corp.'s announcement last week that it would be assembling a new, creditor-approved board of directors may be welcome news to creditors. But for shareholders, well, it's another reminder that they never will get a financial return. This saga Kmart Corp.'s announcement last...
- Research articles 2003-01-27
- Sun Automation becomes McKinley's creditor.(McKinley Machinery Inc.)
- Sun Automation Group, Sparks, Md., has purchased the line of credit note that makes it the sole secured creditor of McKinley Machinery Inc. This note is secured by all of the assets of McKinley, according to Lou Sardella, chairman of Sun, and Scott Sun...
- Research articles 2004-10-02
- Name Marjax creditor panel. (Nike Inc., Reebok International Ltd. and Etonic Inc. are members of a committee of unsecured creditors of Marjax Enterprises Inc. organizing under Chapter 11 bankruptcy code) (Brief Article)
- Name Marjax creditor panel Name Marjax creditor panel
- Research articles 1991-08-19
- CREDITOR BANKS TO PROVIDE US$1.69 BLN TO LG CARD.
- SEOUL, Nov 19 Asia Pulse - Creditor banks of LG Card (KSE:032710) yesterday decided to provide two trillion won (US$1.69 billion) to the troubled credit card firm to help ease a looming liquidity crunch. SEOUL, Nov 19 Asia Pulse - Creditor banks of LG...
- Research articles 2003-11-19
- RUSSIA CAN BECOME A CREDITOR OF IMF
- A&G Information Services 07-12-2004 RUSSIA CAN BECOME A CREDITOR OF IMF ST.PETERSBURG, RUSSIA, $ (A&G News via COMTEX) -- Russia, acting as a borrower from the moment of its joining International Monetary Fund IMF at the begin A&G Information Services...
- Research articles 2004-07-12
- RUSSIA CAN BECOME A CREDITOR OF IMF
- A&G Information Services 07-14-2004 RUSSIA CAN BECOME A CREDITOR OF IMF ST.PETERSBURG, RUSSIA, & (A&G News via COMTEX) -- Russia, acting as a borrower from the moment of its joining International Monetary Fund IMF at t A&G Information Services ...
- Research articles 2004-07-14
- Beware of the IRS If Your Creditor Writes Off or Settles a Debt
- An IRS law could cost you money if you settle a debt with a creditor for less than the full amount. Likewise, this rule could shrink your wallet if a creditor writes off a debt you owe -- that is, ceases collection efforts, declares the debt uncollectible and reports it...
- Research articles 2004-09-15
- BBC says creditor triggered filing. (footwear buyer BBC International Ltd.)
- BBC SAYS CREDITOR TRIGGERED FILING NEW YORK FNS - BBC International Ltd., a footwear buying agent for retailers, said its recent filing for Chapter 11 reorganization was triggered by pressure from a creditor. The company, at 19 West 34th Street, listed liabilities...
- Research articles 1989-12-20
- Missouri-Based Building Supplies Retailer Makes Deal with Secured Creditor.
- By Jennifer Mann, The Kansas City Star, Mo. Knight Ridder/Tribune Business News Jul. 20--After hours of courtroom haggling among parties in the Payless Cashways Inc. Chapter 11 bankruptcy, Congress Financial Corp. agreed Thursday to provide financing that Payless says it needs to keep ...
- Research articles 2001-07-20
- Levi's top creditor of C.R. Anthony Co. (family apparel chain)
- LEVI'S TOP CREDITOR OF C.R. ANTHONY CO. OKLAHOMA CITY FNS - biggest unsecured creditor of C.R. Anthony Co., a family apparel chain trading as Anthonys, is Levi Strauss & Co., which has a claim of $4,100,859. Anthonys filed a Chapter 11 petition...
- Research articles 1991-02-21
- Intershoe top trade creditor at Shoe Box. (Shoe Box Inc.)
- Intershoe top trade creditor at Shoe Box DALLAS - With a claim of more than $1 million, Intershoe Inc., Millerburg, Pa., is by far the largest footwear creditor of The Shoe Box Inc., a subsidiary of Shoe Gallery Holdings Inc., the independent shoe retailer that...
- Research articles 1991-08-26
- The Trade Creditor, Bankruptcy, and the Automatic Stay: Four Things Unsecured Trade Creditors Can Do When Collection Efforts are Automatically Stayed
- Article deduces that in the world of commerce, the use of unsecured trade credit to facilitate transactions is commonplace. Sooner or later almost every trade vendor will find that it has sold goods on credit to a customer who files for bankruptcy protection without having paid for its purchase. It...
- White papers 2003-05-27
- Decentralized Creditor-Led Corporate Restructuring Cross-Country Experience
- Countries that have experienced banking crises have adopted one of two distinct approaches toward the resolution of non-performing assets—a centralized or a decentralized solution. The former entails setting up a government agency, with the full responsibility for acquiring, restructuring, and selling of the assets while the latter relies on banks...
- White papers 2002-10-01
- The Debt-Maturity Structure of Small Firms in a Creditor-Oriented Environment
- Once a firm decides to issue debt, the characteristics of this debt instrument should be considered. One of the critical decisions involves debt maturity. Using a sample of 1091 Belgian small firms from 1996 until 2000, this paper analyses the determinants of the corporate debt-maturity structure of small firms in...
- White papers 2003-09-19
