The order lasts for 12 months and prevents creditors from taking any action to recover or enforce their debts during that period.
This amendment would prevent creditors of the terminated plants from attaching the assets of the remaining plants.
There also was a story that Brando was hiding his two Oscars to prevent creditors from seizing them.
A bankruptcy filing prevents creditors from trying to collect on debts outside the process of the bankruptcy filing itself.
Provided certain conditions are met, the Trust Deed may be registered as "protected", thereby preventing creditors from petitioning for the debtor's sequestration.
The anti-alienation provision generally prevents creditors of a beneficiary from acquiring the beneficiary's share of the trust.
In recent crises in Latin America and Southeast Asia, "the lack of a global treaty did not prevent private creditors from cooperating."
Bank of America's decision to take back the funds was in violation of US bankruptcy law, which prevents creditors seizing any assets.
The reasoning behind this proposal is to prevent creditors from claiming payments already made into the banking system when the insolvency of a bank is opened.
The preferential categories were created by statute to prevent secured creditors taking all assets away.