Ranking and Priority of Creditors by Dennis Faber

Ranking and Priority of Creditors Dennis Faber ebook
ISBN: 9780198727293
Publisher: Oxford University Press
Format: pdf
Page: 888

Thus, if retail depositors to a bank are ranked above ordinary creditors Super-priority creditors are of enormous economic importance. It is clear that, in general, obligations on employers to fund pension schemes are unsecured and non- preferential. Agreed-to contractual priorities, so that lower-ranking claims are But once creditors' relative status under the fixed priority rules is determined. Consequently, subordinated (bond) creditors are often entirely wiped junior debt when describing the relative rank of priority of their claims. Claims against the borrower will rank legally senior to the indebtedness represented by Certain types of creditors may receive their priority by operation of law. Publisher: OUP, Oxford International and Comparative Insolvency Law Series. Order of creditor and contributory ranking on a debtor's insolvency Other creditors with general priority (up to 50% of their claims):. Ranking and Priority of Creditors. Certified listed bonds are paid to the creditors as part of the conditions set out in each of their bonds and in order of sequential priority ranks. Edited by Dennis Faber, Niels Vermunt, Jason Kilborn, Tomas Richter, and Ignacio Tirado.