InvestorWords.com
creditor's committee
Definition
Group or committee representing various classes of creditors in a Chapter 11 bankruptcy. A creditor's committee is appointed by a bankruptcy court and typically represents firms with claims on the bankrupt company. In situations where there are many lenders, a creditor's committee may represent only the largest of creditors.
Recommended Articles from InvestorGuide.com
Related Videos
Featured Advertiser
Get our free Term of the Day newsletter!



