Übersetzung für "Unsecured creditor" in Deutsch

Intertainment is the biggest unsecured creditor in the Franchise insolvency proceedings.

BTPS would also be an unsecured creditor of the insolvent BT for any liabilities related to staff not covered by the Crown guarantee since the law does not give any special preference to pension scheme trustees.

The Secretary of State would make payment to BTPS in respect of these outstanding liabilities and would become an unsecured creditor of BT for that amount.

On this point, the Belgian State maintained that, since the assets of the undertaking were to be surrendered to its creditors, all it could do within the composition proceedings would be to declare its claim as an unsecured creditor as part of the undertaking's liabilities.

There will be no dividend paid out to unsecured creditors and there is no successor company.

Thus the rights of unsecured creditors, employees and other third parties are preserved unchanged.

If orderly treatment of unsecured senior creditors requires a new cross-border regime to close down insolvent European banks, such a regime should be implemented without delay.

In April 2006, complaints were filed against BAWAG-PSK in the USA by Refco, the creditors committee (committee of the unsecured Refco creditors), the Department of Justice and the Securities and Exchange Commission.

In the event of insolvency, outstanding debts to secured and unsecured creditors would have to be paid from the proceeds of the sale of unencumbered assets.

Under Austrian law, there are no preferential creditors, but the costs of the insolvency practitioner are settled in priority to any unsecured creditors.

The Commission would point out, however, that under the ordinary law creditors, or at any rate unsecured creditors, will not as a general rule recover the whole of their claims.

The Commission draws attention, however, to certain specific features of the special scheme introduced by the Law of 1980: under the ordinary law governing compulsory winding up, creditors (and especially unsecured creditors) will not as a general rule recover the whole of their claims, and the enterprise being wound up will not usually have its debts paid by a third party.

The proceeds of the liquidation are shared among the creditors according to their ranking (preferential and mortgage creditors, creditors secured by a special security over movable property, unsecured creditors, i.e. without preference, pro rata to their claims).

To increase the prospects of restructuring and therefore the number of viable businesses being rescued, it should be possible to adopt a restructuring plan by the affected creditors, including secured and unsecured creditors.

A European framework for bank resolution must therefore be based on agreed and common objectives which should ensure that losses fall primarily on shareholders and junior and unsecured creditors rather than on governments and taxpayers.

Under the Council's general approach agreed today, eligible deposits from natural persons and micro, small and medium-sized enterprises, as well as liabilities to the European Investment Bank, would have preference over the claims of ordinary unsecured, non-preferred creditors and depositors from large corporations.

In cases where the objective of resolution measures (such as debt write-down) is to restore a troubled entity to a going concern, any ancillary provision of temporary financing must be accompanied by appropriate measures to restructure the entity, remove culpable management, write down unsecured creditors and dilute or write off the claims of existing shareholders.

Institution-specific options include debt to equity conversion (either administrative or contractual7) or imposing 'haircuts' on holders of subordinated debt and unsecured creditors (excluding deposits) in order to provide significant funding to a distressed firm and maintain it as a going concern.

The bail-in tool will give resolution authorities the power to write down the claims of unsecured creditors of a failing institution and to convert debt claims to equity.

Importantly, the Commission considers that a crisis management framework must ensure that any losses in the context of a bank failure are first and foremost borne by shareholders, holders of subordinated debt and unsecured creditors, before resolution funds can be available.