Bankruptcy / Insolvency Law
Financial Creditor
A creditor to whom a company owes a debt arising from a financial transaction, such as a loan, with the time value of money being a core element.
Financial creditors — typically banks and other lenders — have specific, significant rights in an insolvency process, including seats on the committee of creditors that plays a central role in approving or rejecting a resolution plan for a distressed company.
Their claims are treated differently, and generally given priority handling, compared to operational creditors owed money for goods or services supplied.
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