His creditors, completely discouraged, decided that he would not be allowed to go further in his research.

Aeroperú's major creditors decided on August 18 to liquidate its assets.

Also, any creditor may decide to lodge a court petition for the company to be compulsorily wound up.

Their creditors, with the court's guidance, could decide whether to save these businesses or sell them off in pieces.

No doubt he got a little over his head again and a few creditors decided to help themselves.

By the time a prepackaged bankruptcy is filed in court, a debtor and its creditors have already decided what each will settle for.

Debt-strapped and traumatized by high operation costs, the company's creditors decided to take over the organization.

But the company's creditors ultimately decided to make a go of it on their own.

Bankruptcy filings will only worsen the situation, as creditors also decide to go after auditors.

While it costs no money to file a claim in bankruptcy court, these small creditors may nevertheless decide that the matter is not worth pursuing.