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"We will continue to pay trade creditors and to meet our other financial obligations on a current basis," he said.
Within months, trade creditors of the studio had gone to court complaining that they were not getting paid.
The trade creditors and the A shareholders had their claims settled by an agreement.
A positive relationship with your trade creditors is essential.
Representatives of the bondholders and trade creditors were also not surprised by the changes.
Trade creditors, too, were showing signs that their forbearance was near its end.
The second is composed of Texaco's general trade creditors, banks, insurance companies and one union.
For example, trade creditors are more likely to be flexible about extending terms of credit if you have built up a good payment record.
Cumberland's 70 other real estate lenders and trade creditors had supported the plan, the company said.
Current liabilities are trade creditors, tax and any other creditors.
The bondholders and trade creditors seem to have gained most from the appointment of a mediator.
That group includes trade creditors, unions, actors and directors.
The supplier ledger cards shows the breakdown of how the trade creditors control a/c is made up.
Many employees sued for back wages and many trade creditors will probably never collect.
The firm promised to invest $500,000 in the project and make full payment to the trade creditors.
The total of each individual supplier account added together should equal the total in the trade creditors control a/c.
Bondholders and trade creditors have contended that Macy is worth $4 billion or more.
After the payment of First Alliance's various trade creditors, the money would be added to the fund set up to provide compensation for homeowners.
Whether Alexander's avoids a filing depends on the trade creditors, who could push it into an involuntary bankruptcy.
Under the terms of the restructuring, approved by Child World's major trade creditors and announced on Friday, the company would remain public.
The bondholders and trade creditors contend that the company is worth about $4 billion, which would substantially increase the amount of their recovery.
The company said it would delay paying its trade creditors and landlords, as talks proceeded for new sources of equity financing.
If USG ran out of cash, the company's trade creditors could force it into bankruptcy.
Unsecured suppliers and other trade creditors would have the option of receiving a discounted reimbursement immediately or full payment over several years.
Mr. Lang said that when he does sell the magazine, all the money will go to secured creditors and trade creditors.