are entitled to be paid in full before equityholders receive anything.
In most states, this will prevent general creditors
from reaching any of the trust assets, and, in some states, it can bar a beneficiary's spouse from attacking the trust assets or claiming that they are marital property and therefore subject to the spouse's claim against the trust beneficiary's assets.
The provision of any law to the contrary notwithstanding, in case of insolvency of the pre-need company, the general creditors
shall not be entitled to the trust fund.
LBI) trustee for the liquidation of the company under the Securities Investor Protection Act said the third interim distribution to unsecured general creditors
with allowed claims has begun with checks totaling USD1.
The variable subaccount assets are held in a life insurance company's separate account, which is kept separate from its general account and protected from the life insurance carrier's general creditors
the company available for payment of general creditors
Even worse, the general creditors
of HotelCo can become obstacles to the restructuring by raising objections to any plan supported by Bank.
Before Gerhart can use proceeds from the PPACA "three R's" risk-management programs to pay general creditors
, he must use the three R's money to reimburse the guaranty funds for paying the CoOportunity enrollees' medical bills.
subordinate to claims of depositors, general creditors
of the bank, and
The separate account's assets are insulated from the insurer's general creditors
Although this overcollateralization will provide further protection to investors, the FDIC will be entitled to any unused excess for general creditors
Investors should know that, above FDIC limits, they become general creditors
of the issuing bank.