31. The lawsuit claims two debtors, Diana Mazola and George Yessayan, each filed so-called reaffirmation agreements, or agreements debtors make to continue to pay creditors. 32. This plan would spell out which assets the company will preserve, which it will sell, and how much creditors will be paid. 33. To pay its creditors, the failed South of Market startup auctioned off its top-of-the-line computers, chairs and cubicles for a pittance. 34. Troubled municipalities cannot go out of business like failed corporations, which then can be carved up, leaving their assets to be used to pay creditors. 35. When companies liquidate, they are often forced to sell assets in a hurry and usually wind up with less cash to pay creditors. 36. While he was paying creditors, his family made the changes that were needed to stay out of debt. 37. Property with value is sold to pay creditors. 38. By enabling those who are bankrupt to continue with their business ensures creditors are paid and professionals are not left with the stigma of being an undischarged bankrupt. 39. Cash-starved Argentina promised to make the first of two crucial December debt payments on Friday, scrambling to pay its creditors and prevent financial collapse. 40. Certain unsecured trade creditors will be paid off either in the ordinary course of business or upon confirmation of the plan, he said. |