The garage was later sold to Nissan for £200,000, allowing creditors to recoup some of the money they had lost.

Governor Ahmed convinced noteholders to accept the debt reduction deal by allowing creditors to set strict terms of default for the notes.

However, this is reliant on a solution being found that will allow private creditors to voluntarily roll over their debts without this being declared a default.

These options allowed creditors to reduce their exposure to debtor nations, albeit at a discount.

These options allowed creditors to retain their exposure, but required additional credit extension designed to "tax" the expected capital gains.

The case created the Miliangos rule that allows creditors under a contract to obtain judgment under a foreign currency.

A key feature of the plan would allow secured creditors to seize the property that backs their debts.

The bill gave preferential treatment to employees buying shares in their companies, and allowed creditors to take shares on a debt-for-equity basis.

Scarve also looks down on Crew for allowing creditors to take his inheritance.

The two big creditors ultimately compromised, allowing the debtors and creditors to produce a joint plan several weeks ago.