1 a country, organization, or person to whom money is owed:
2 a person, organization, or government that is owed money:
Filing for bankruptcy protection allows the company to avoid paying creditors while it works out a plan to reorganize.
3 the amounts in a company's accounts that show money owed by the company
A critic of the data protection regime might note that the legislation protects debtors with more force than it does creditors.
In the first decades after the law was enacted, courts tended to emphasize that the primary purpose of bankruptcy law was to serve creditors.
In 1990, however, donors and creditors joined in the call for an end to one-party rule.
This intrusion on the profit-making process was attacked from an ideological point of view by those siding with the creditors.
In the first 20 years after it was enacted, the law was widely used by these creditors and the majority of cases were business bankruptcies.
This motivates of course a distinction between the creditor and the debtor of the commitment.
Private loans include bonds, commercial banks, and other private creditors.
Those registers that name the creditors show that the bulk of the debt was owed to nobles.
