1.   First, about half of it will be used to pay creditors and to meet legal fees connected with the bankruptcy proceedings.

2.   Two constables arrive at his home to seize his belongings since he can not pay his creditors.

3.   The owners were ordered to liquidate the company and pay their creditors.

4.   If debtors and creditors are excluded the natural inclination of the vendor will be to pursue the debtors and delay paying the creditors for as long as possible.

5.   As a compromise, the purchaser is normally willing to act as agent for the vendor both in collecting the debts and paying creditors.

6.   The purchaser should reserve the express right to pay the creditors directly out of the retention on behalf of the vendor.

7.   And properties Reynolds owns in Hawaii and Utah will be sold to help pay creditors.

8.   Bankruptcy proceedings will continue, and Gomez Navarro said that he expected creditors would be paid in cash before the end of the year.

9.   Company executives said this would enable NextWave to leave bankruptcy court, pay its creditors in full and begin building a nationwide wireless network.