partly secured creditors
The remaining 85% of senior unsecured debt would have been unaffected, as would the bank’s secured creditors and its customers and counterparties.
unsecured creditors' committee
In the future, the claims of workers will take precedence only over unsecured creditors.
By now, Lehman's list of unsecured creditors had been posted to financial websites.
That analysis found 'no recovery for unsecured creditors,' said a person familiar with the finding.
America has created a resolution authority that will take over failing Banks and force losses on unsecured creditors if necessary.
General Growth's unsecured creditors are reportedly inclined to accept Simon Property's offer, which would repay them in full, with money left over for shareholders.
Unsecured creditors who hold CDSs might prefer default to a lengthy restructuring: to them, the insurance policy is worth more than the house.
