As was inevitable, debtors would be unable to pay on the law day, and if they tendered the debt after the time had passed, the creditor owed no duty to give the land back.

And its creditors, include Government-financed organizations, owe the company more than $9 billion, Gazprom says.

The Telegraph can even disclose that a pledge made in 2010 that small creditors owed less than £2,500 and charities would be paid in full remains unfulfilled.

The records show creditors' owed millions include UM Capital, Commercial Investment, Gulfshore Holdings and America Financial Life.

The state also agreed to pay the principal creditors still owed roughly 22 million pesos (around $7 million).

According to the company and outside experts, however, any three creditors owed $5,000 may petition a judge to declare the company bankrupt.

In recent weeks, Mr. Nadir had been locked in tense negotiations with creditors owed nearly $2 billion.

The committee, whose members are owed about $6 billion before interest, represents other creditors owed another $4 billion.

Any creditor, or group of creditors, owed more than £750 can ask a court to wind up your business.

In the column, I asked if his creditors, employees, and customers owed him anything now for his kindness after the fire.