Trade Creditors Committee

Trade Creditors Committee - A Trade Creditors Committee is formed primarily in bankruptcy proceedings to represent the interests of trade creditors, who are suppliers and vendors that have provided goods or services to the bankrupt entity on credit. This committee negotiates claims and settlements to ensure fair treatment and maximization of recoverable assets for its members during the reorganization or liquidation process.

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Trade Creditors Committee
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Definition and Examples

Definition
A Trade Creditors Committee is formed primarily in bankruptcy proceedings to represent the interests of trade creditors, who are suppliers and vendors that have provided goods or services to the bankrupt entity on credit. This committee negotiates claims and settlements to ensure fair treatment and maximization of recoverable assets for its members during the reorganization or liquidation process.
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