Africa is poor because its investors and its creditors are unspeakably rich.
Africa is poor because its investors and its creditors are unspeakably rich.
Being able to reach a global, consensual agreement with the creditor's committee prior to confirmation is the goal in any restructuring and is an enormous accomplishment.
It turned out in the long run that Lincoln's credit and the popular confidence that supported it were as valuable both to his creditors and himself as if the sums which stood over his signature had been gold coin in a solvent bank.
We have just one request, ... Our creditors and the international community should not take precipitous action whose effect is to negate the turnaround efforts currently under way.
The action we have taken is a necessary and responsible step to preserve Delta's value for our creditors, customers, employees, business partners and other stakeholders. Delta is open for business as usual.
The whole theory of the new law is to see how to improve people's ability to repay creditors. There's got to be a balance between relieving debt and allowing creditors to collect.
The bill simply doesn't balance responsibility between families in debt trouble and the creditors whose practices have contributed to the rise in bankruptcies.
I never heard of an old man forgetting where he had buried his money! Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors.
We are not in debt. We've have paid all our local creditors. We're debt-free and ahead. And admission will be free again this year, even though it takes about 650,000 to put on this festival.
Creditors have better memories than debtors.
Substantive and procedural law benefits and protects landlords over tenants, creditors over debtors, lenders over borrowers, and the poor are seldom among the favored parties.
Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest.
Not everyone is a debtor who wishes to be not everyone who wishes makes creditors.
Let us live in as small a circle as we will, we are either debtors or creditors before we have had time to look around.
When you're the world's banker, you really need to maintain the world's confidence in you and your currency. If you start telling creditors you're going to pay them back in currency that doesn't buy as much, they won't want to bank with you any more.
The big thing you can do in Chapter 11 is stiff your creditors and get rid of all the airplanes you don't want and force employees to accept givebacks,
© 2020 Inspirational Stories
© 2020 Inspirational Stories