(b) Whether the affairs of the group are so entangled that a consolidation would benefit all creditors

As matters stand, bankers continue to benefit fully from the upside of their investments, while sharing the downside with creditors and taxpayers and sometimes with shareholders.

Judgement creditors

Statutory (preferential) creditors

Creditors in insolvency proceedings

As a result, the eurozone has become divided into creditors and debtors, with the creditors in charge of economic policy.

Member countries are now divided into two classes creditors and debtors with the creditors in charge.

Sovereign debt restructurings with private creditors

Apart from avoiding the excess burden and injustice of taxation, they also have the benefit of inducing banks owners to choose a prudent investment strategy, while persuading creditors to scrutinize and select carefully the banks to which they want to lend.

Creditors of a corporation cannot recover debts from a shareholder.

Even former creditors benefited from this rebound.

Bailing in creditors will exacerbate these trends.

Inflation would clearly make creditors worse off.

Because healthy competition among all potential creditors is an effective way of reducing the cost of credit, the Guide recommends that the secured transactions regime apply equally to various creditors, including banks and other financial institutions, as well as domestic and non domestic creditors.

Greece, too, is a victim of its creditors misconceptions and taboos.

Creditors can agree to relax Greece s fiscal targets.

Yet this process leaves the rights of creditors undefended, eliciting widespread criticism.

The recent experiences of debt restructurings with private creditors are very diverse.

The euro crisis is now turning the EU into something fundamentally different, dividing member countries into two classes creditors and debtors with the creditors in charge.

Argentina s interests and those of its creditors were thus aligned both wanted growth.

Priority between the assignee and the insolvency administrator or creditors of the assignor

Argentina s interests and those of its creditors were thus aligned both wanted growth.

Thus, it seeks to protect the lawful rights of both creditors and debtors.

(a) By control has priority over the rights of all other secured creditors

When push comes to shove, domestic politics trumps foreign creditors.

Price inflation forces creditors to accept repayment in debased currency.

The banks creditors or governments ultimately would bear any losses.

Creditors obviously support bailing out debtor countries to protect themselves.

(h) Recognize existing creditors rights and establish clear rules for ranking of priority claims.

Creditors cancelled US 752 million of Madagascar's debt and rescheduled another US 305 million.

There were only 7,000 widowers receiving survivors' benefit half of them receiving the regular benefit and the other half, the combined benefit.

They depended much less on foreign creditors than on domestic lenders.

For both borrowers and creditors, the risks and costs are enormous.

Too many creditors were reimbursed at par on their maturing claims.

This limits losses to stockholders and completely protects almost all creditors.

Table 3 Recent sovereign debt restructurings with private creditors main features

At the end of 2002, 166,000 widows received survivors' benefit 95,000 received this benefit alone and another 71,000 were given the combined benefit.

Even in those states where creditors have the legal authority to take other assets or wage income, the personal bankruptcy laws are so restrictive that creditors don t bother to try.

A default would also appropriately place part of the costs of Greece s borrowing spree on creditors.

Creditors in cases like that of Argentina need to be made to pay a penalty.

(a) Whether creditors have dealt with a group of companies as a single economic unit

Paris Club creditors cancelled US 823 million of debt, and US 737 million was rescheduled.

The more Argentina grew, the more it paid to its former creditors.

But creditors don t have an incentive to place tough limits on banks.

The strategy worked Argentina has avoided making any payments to its creditors.