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NoOneMan

(4,795 posts)

3. Anyone with a valid debt should be able to claim to be a creditor

Reply to HardTimes99 (Reply #2)

Sat Jul 20, 2013, 10:02 PM

Jul 2013

Those individuals will probably be represented together by their unions, but they may not get the same priority of other creditors. I don't know the details of how thats works in this case. But yes, they most certainly are

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Questions About Detroit's Bankruptcy: [View all] HardTimes99 Jul 2013 OP

"who is actually going to get hurt by a failure of Detroit to pay its debts" NoOneMan Jul 2013 #1

Are pensioners 'creditors' the way investors who buy bonds are? HardTimes99 Jul 2013 #2

Anyone with a valid debt should be able to claim to be a creditor NoOneMan Jul 2013 #3

No, they are unsecured creditors. kwassa Jul 2013 #4

That really pisses me off - nt HardTimes99 Jul 2013 #5

By investors, do you mean bond holders? NoOneMan Jul 2013 #6

Exactly. Water and sewer bondholders. kwassa Jul 2013 #7

Capital vs Labor NoOneMan Jul 2013 #8