Creditor’s Committee

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Definition: Creditor’s Committee

Creditor’s Committee
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Full Definition of Creditor’s Committee

Group or committee representing various classes of creditors in a Chapter 11 bankruptcy. A creditor’s committee is appointed by a bankruptcy court and typically represents firms with claims on the bankrupt company. In situations where there are many lenders, a creditor’s committee may represent only the largest of creditors.

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https://payrollheaven.com/define/creditors-committee/
Modern Language Association (MLA):
Creditor’s Committee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/creditors-committee/.
Chicago Manual of Style (CMS):
Creditor’s Committee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/creditors-committee/ (accessed: April 18, 2024).
American Psychological Association (APA):
Creditor’s Committee. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/creditors-committee/

Definition Sources

Definitions for Creditor’s Committee are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.