Very often, a creditor threatens a debtor with debt slavery, if the debtor does not know that they have a right to go bankrupt.
But creditors are threatening to wind up the business unless six figure debts are paid.
These days, increasingly impatient creditors are threatening to seize the company's fleet of Airbus planes because of payment arrears on its $200 million debt.
Its fleet is down from 15 in 1998, and creditors are threatening to seize the rest.
And the creditors were threatening to take it away.
If a creditor threatens to take legal action under these circumstances DA recommends seeking professional assistance or revising the moratorium.
Senior creditors are threatening to throw their support behind Federated, the chain's suitor.
The airport company was faced with severe liquidity issues, and the creditors threatened to file for bankruptcy from 1 December.
Before his appointment, Macy and its secured creditors could have threatened to force a plan of reorganization on junior creditors that they did not like.
Its major creditors were threatening to sue the company and push it into bankruptcy.