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Definition of 'Creditors' Committee'
A group of people who represent a company's creditors in a bankruptcy proceeding. The creditors' committee is usually further divided between secured and unsecured creditors.
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Investopedia explains 'Creditors' Committee'
The secured creditors' committee consists of lenders that have a first claim on assets that collateralize their loans. Members within the unsecured creditors committee generally have more or less power depending on the amount they are owed. Although the court will take into account the position of the creditors' committee, the bankruptcy trustee has ultimate power in deciding what is fair to all parties.
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Search results for 'Creditors' Committee'
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http://www.investopedia.com/articles/01/120501.asp
... When a company files for Chapter 11, that company is assigned a committee
that represents the interests of creditors and stockholders. ...
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http://www.investopedia.com/articles/stocks/06/bankruptcy.asp
... as follows: The US board of trustees (the bankruptcy arm of the Justice Department)
first appoints a committee to act on behalf of shareholders and creditors. ...
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http://www.investopedia.com/articles/financial-careers/08/corporate-treasurer.asp
... as they are due can mark the end of a company if its creditors sell off ... and regularly
by the internal audit department and by a treasury committee comprised of ...
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http://www.investopedia.com/articles/retirement/09/ira-qualified-plan-rollover.asp
... BAPCPA), conduit IRAs offer greater bankruptcy protection from creditors for amounts ...
or doctoral degrees in the capacity of dissertation committee member or ...
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http://www.investopedia.com/articles/economics/09/deflationary-shocks-economy.asp
... This translates to creditors becoming more conservative and careful on their lending ...
or doctoral degrees in the capacity of dissertation committee member or ...
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