Quotes & Sayings About Creditors

relationships between debtors and creditors brokered or 'intermediated' by increasingly numerous institutions called banks. The core function of these institutions was now information gathering and risk management. — Niall Ferguson

I'm happy to be making my first appearance on air professionally. By that I mean I'm finally getting paid, which I know will be a great relief to my creditors. — Jack Benny

Creditors are a superstitious sect, great observers of set days and times. — Benjamin Franklin

Oh, life would be all right if we didn't have to put up with these damned creditors who keep pestering us with the demands of their ideals. — Henrik Ibsen

Moreover, an archetype exists in the nation's consciousness that connects student loan debt with irresponsibility. This is a result of well-publicized accounts of loan defaults in decades past in which students took out loans with no intention of ever paying them back and simply filed for bankruptcy after graduation. This perception was sufficiently strong that in the 1970s, Congress was convinced to remove bankruptcy protections from student loans. However, according to a March 2007 paper by John A. E. Pottow of the University of Michigan, this perception had a fatal flaw: "The fatal problem is that there are no empirical data to buttress the myth that students defraud creditors any more than other debtors."1 In fact, it was shown that when student loans were dischargeable in bankruptcy, there was a less than 1 percent bankruptcy rate among student debtors.2 Nevertheless, this misconception has been so often repeated that it is now indelibly etched in the public's mind. — Alan Collinge

Familiarity with any great thing removes our awe of it. The great general is only terrible to the enemy; the great poet is frequently scolded by his wife; the children of the great statesman clamber about his knees with perfect trust and impunity; the great actor who is called before the curtain by admiring audiences is often waylaid at the stage door by his creditors. — L. Frank Baum

In a world awash in debt, power shifts to creditors. — Fareed Zakaria

This figure shows the cash flows in a world with only two people. I labeled them creditor and debtor. In reality, there are many creditors and debtors (see text for details). It also explains why the "rich get richer" and why those who are in debt and work for a living never seem to "get ahead. — Jacob Lund Fisker

Congress is responsible for everything and unable to do anything, hated by the public creditors, insulted by the soldiers and unsupported by the citizens. — Benjamin Hawkins

Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon. — Peer Steinbruck

As far as they were concerned, if the U.S. government did not extinguish its debt, there would always be public creditors. Those creditors, who would come from among the wealthiest Americans, would support the U.S. government. The Union would thus be cemented. Madison cooperated closely with Hamilton and — Kevin R.C. Gutzman

Let honesty and industry be thy constant companions, and spend one penny less than thy clear gains; then shall thy pocket begin to thrive; creditors will not insult, nor want oppress, nor hungerness bite, nor nakedness freeze thee — Benjamin Franklin

No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest. — Ben Bernanke

To make ourselves invisible to creditors or to the envious, and even to our own worries, we can take advantage here on earth of a great democratic institution-in fact, democracy's only success-the night. — Jean Giraudoux

We only have a Plan A. The acceptance and full implementation of the existing plan, the so-called Plan A, is the best solution for Greece, for the euro zone and also for creditors and holders. — Evangelos Venizelos

[I believe in] the throne ... parliamentary institutions ... private enterprise and individual opinion against the socialization of the state ... equity in the distribution of public burdens and strict maintenance of public faith with the creditors of the state [and] a fresh guarantee of peace by an alliance with France and ... Belgium for the defence of our common interests against unprovoked attack. — Austen Chamberlain

[T]he most common and durable source of factions has been the various and unequal distribution of property. Those who hold and those who are without property have ever formed distinct interests in society. Those who are creditors, and those who are debtors, fall under a like discrimination. A landed interest, a manufacturing interest, a mercantile interest, a moneyed interest, with many lesser interests, grow up of necessity in civilized nations, and divide them into different classes, actuated by different sentiments and views. — James Madison

Lip-chewed debtors rich in excuses; heard-it-all creditors tightening nooses; prisoners haunted by happier lives and ageing rakes by other men's wives; skeletal tutors goaded to fits; firemen-turned-looters when occasion permits; tongue-tied witnesses; purchased judges; mothers-in-law nurturing briars and grudges; apothecaries grinding powders with mortars; palanquins carrying not-yet-wed daughters; silent nuns; nine-year-old whores; the once-were-beautiful gnawed by sores; — David Mitchell

I did note this, and set it down as yet one more of life's injustices: that the man who has been wealthy is dunned more civilly than the fellow who has ever been poor. My creditors would come to me most graciously, diffident, if not downright apologetic, for asking what was theirs. It was as if I would be doing them a great, unlooked for kindness if only I would pay them a trifling sum on my outstanding debts. I would give them tea, and polite conversation, and, even when my answer to their just entreaty had to be a regretful, "Nothing, sir, " my mortification was always entirely self-inflicted, for their civility never failed — Geraldine Brooks

Back in 2008, unable to come to terms with its many creditors, Vallejo had declared bankruptcy. Eighty percent of the city's budget - and the lion's share of the claims that had thrown it into bankruptcy - were wrapped up in the pay and benefits of public safety workers. Relations between the police and the firefighters, on the one hand, and the citizens, on the other, were at historic lows. The public safety workers thought that the city was out to screw them on their contracts; the citizenry thought that the public safety workers were using fear as a tool to extort money from them. The local joke was that "P.D." stands for "Pay or Die." The city council meetings had become exercises in outrage: at one, a citizen arrived and tossed a severed pig's head onto the floor. — Michael Lewis

Africa is poor because its investors and its creditors are unspeakably rich. — Naomi Klein

Following its recognition as a state in 1832, Greece spent most of the remainder of the 19th century under the control of creditors. The pattern started with a default in 1832. In consequence, Greece's finances were put under French administration. — Steve Hanke

Ah, fortune and fame shall follow me ... and I shall dwell in the world of the chosen for a few moments of fleeting ecstasy; ere the seven burly lads turn into creditors and hustle me off to debtors' prison at last. — Hunter S. Thompson

Today, China alone holds more than $1 trillion in public and private American IOUs. Cumulative borrowing from abroad during the six years of the Bush administration amounts to some $5 trillion. Most likely these creditors will not call in their loans - if they ever did, there would be a global financial crisis. — Joseph E. Stiglitz

Today the man who has the courage to build himself a house constructs a meeting place for the people who will descend upon him on foot, by car, or by telephone. Employees of the gas, the electric, and the water- works will arrive; agents from life and fire insurance companies; building inspectors, collectors of radio tax; mortgage creditors and rent assessors who tax you for living in your own home. — Ernst Junger

In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS. — Tyler Cowen

In a move that will remain in Irish annals as a stigma comparable to the potato famine, the Dublin government succumbed to ECB blackmail: make the German creditors of Ireland's commercial banks whole, even a bank that was closed down and thus no longer systemically important for Ireland's financial sector, or else. — Yanis Varoufakis

Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest. — Mark Kirk

Cash flows from operating activities are the cash effects
of revenue and expense transactions that are included in the income statement.
4
Cash flows
from investing activities are the cash effects of purchasing and selling assets, such as land and
buildings. Cash flows from financing activities are the cash effects of the owners investing in
the company and creditors loaning money to the company and the repayment of either or both. — Williams

Everybody granted that if "Tom" were white and free it would be unquestionably right to punish him
it would be no loss to anybody; but to shut up a valuable slave for life
that was quite another matter. As soon as the Governor understood the case, he pardoned Tom at once, and the creditors sold him down the river. — Mark Twain

There's a lot of research on the shift in who deals with money when families get in trouble. In good times, husbands handle the family's finances about 80 percent of the time. But when times turn sour and families start dealing with creditors and managing unpayable bills, women take more active roles. — Elizabeth Warren

There is absolutely no shame in living within your income, however small it may be, but there is shame if creditors are always coming to your door. — Christine De Pizan

Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long time were major creditors for Greece and Greek banks. — Mario Monti

Let us live in as small a circle as we will, we are either debtors or creditors before we have had time to look around. — Johann Wolfgang Von Goethe

solve the nation's debt crisis. The task was daunting. The country had been living on expedients since 1775; the Continental Congress had more creditors than any other regime in the world and no means of payment.When Hamilton totaled how much the country owed, it was staggering: foreign debt alone amounted to $11 million, plus $1.6 million in interest. — George C. Daughan

The man who avoids debt doesn't have to worry about avoiding his creditors. — Evan Esar

Winter dark, five o'clock in the morning by the little gold carriage clock on the bedroom mantelpiece. The clock, an English one ('Better than a French one', her mother had instructed), had been one of her parents' wedding presents. When the creditors came to call after the society portraitist's death his widow hid the clock beneath her skirts, bemoaning the passing of the crinoline. Lottie appeared to chime on the quarter, disconcerting the creditors. Luckily they were not in the room when she struck the hour. — Kate Atkinson

It turned out in the long run that Lincoln's credit and the popular confidence that supported it were as valuable both to his creditors and himself as if the sums which stood over his signature had been gold coin in a solvent bank. — John George Nicolay

Egypt, too, learned to respect the long arm of British capitalism. During the nineteenth century, French and British investors lent huge sums to the rulers of Egypt, first in order to finance the Suez Canal project, and later to fund far less successful enterprises. Egyptian debt swelled, and European creditors increasingly meddled in Egyptian affairs. In 1881 Egyptian nationalists had had enough and rebelled. They declared a unilateral abrogation of all foreign debt. Queen Victoria was not amused. A year later she dispatched her army and navy to the Nile and Egypt remained a British protectorate until after World War Two. — Yuval Noah Harari

When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in debt are getting all the growth in wealth and income. Deflation means that income is being transferred to the 1%, that is, to the creditors and property owners. — Michael Hudson

Men must have somewhat altered the course of nature; for they were not born wolves, yet they have become wolves. God did not give them twenty-four-pounders or bayonets, yet they have made themselves bayonets and guns to destroy each other. In the same category I place not only bankruptcies, but the law which carries off the bankrupts' effects, so as to defraud their creditors. — Voltaire

Every debt is ultimately paid, if not by the debtor, then eventually by the creditor. — James Grant

Some have been ensnared in the net of excessive debt. The net of interest holds them fast, requiring them to sell their time and energies to meet the demands of creditors. They surrender their freedom, becoming slaves to their own extravagance. — Joseph B. Wirthlin

Religious Jews are protected from serving creditors. One of the 613 mitzvah is not to borrow with interest (Deuteronomy 23:20). Unwise borrowing puts you in a position of servitude (Proverbs 22:7). Much — H.W. Charles

[I]f you happen to have any money, lock it up quickly; if you happen to have any jewels, hide them directly; if you happen to have any debtors, make them pay you, or any creditors, don't pay them. — Alexandre Dumas

A sleep without dreams, after a rough day of toil, is what we covet most; and yet
How clay shrinks back from more quiescent clay!
The very Suicide that pays his debt at once without installments
(an old way of paying debts, which creditors regret)
Lets out impatiently his rushing breath, less from disgust of life than dread of death. — Lord Byron

Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations. — Paul Singer

Indiana taxpayers, retired Hoosier state policemen and teachers are neither greedy speculators nor unpatriotic. They are, however, secured creditors of Chrysler. They deserve to have their funds protected under the full auspices of the law. — Richard Mourdock

Julius Caesar owed two millions when he risked the experiment of being general in Gaul. If Julius Caesar had not lived to cross the Rubicon, and pay off his debts, what would his creditors have called Julius Caesar? — Edward Bulwer-Lytton, 1st Baron Lytton

All the creditors must appear in the ledger at the right hand side, and all the debtors at the left. All entries made in the ledger have to be double entries - that is, if you make one creditor, you must make someone debtor — Luca Pacioli

In 1980 the Latin American nations collectively were receiving from their external creditors - major banks, the International Monetary Fund, the World Bank - about $11 billion more than they were losing in capital transfers back to wealthy-nation interests. But by 1985 these nations would be losing $35 billion more a year in capital transfers to North America and Europe than they received in loans and investments.41 — Laurie Garrett

We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people. — Daniel Webster

There are many who say more than the truth on some occasions, and balance the account with their consciences by saying less than the truth on others. But the fact is that they are in both instances as fraudulant as he would be that exacted more than his due from his debtors, and paid less than their due to his creditors. — Charles Caleb Colton

Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency. — Jean Chatzky

If the prices rise in a continuous manner and if the borrower as a result gains a supplementary profit from the sale of the merchandise which he bought with the borrowed money, he will be disposed to pay a higher rate of interest than he would have paid in a period of stable prices; the capitalist, on the other hand, will not be disposed to lend under these conditions, unless the interest includes a compensation for the losses which the diminution in the purchasing power of money entails for creditors. — Ludwig Von Mises

What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line. — Tyler Cowen

I strongly support liquidating the corporation that is the Federal
Reserve and returning to a monetary system based on a marketproduced
precious metal, like gold, which is represented by a currency
printed and managed by the U.S. Treasury Department as stipulated
by our Constitution. The assets currently owned by the Fed should
be liquidated and parceled out on a pro-rata basis to its creditors. All we need is the will. — Ziad K. Abdelnour

As to the rout that is made about people who are ruined by extravagance, it is no matter to the nation that some individuals suffer. When so much general productive exertion is the consequence of luxury, the nation does not care though there are debtors; nay, they would not care though their creditors were there too. — Samuel Johnson

If we lose the war, our creditors - mainly Americans - will go bankrupt. And if we win, we'll make the Germans pay. 'Reparations' is the word they use." "How will they manage it?" "They will starve. But nobody cares what happens to the losers. Anyway, the Germans did the same to the French in 1871." He stood up and put his cup in the kitchen sink. "So you see why we can't make peace with Germany. Who then would pay the bill?" Ethel was aghast. "And so we have to keep sending boys to die in the trenches. Because we can't pay the bill. Poor Billy. What a wicked world we live in." "But — Ken Follett

Rules of living
Don't worry, eat three square meals a day,say your prayers, be courteous to your creditors, keep your digestion good,steer clear of biliousness,exercise, go slow and go easy. May be there are other things that your special case requires to make you happy, but my friend, these, i reckon, will give you a good life. — Abraham Lincoln

Substantive and procedural law benefits and protects landlords over tenants, creditors over debtors, lenders over borrowers, and the poor are seldom among the favored parties. — John Turner

Until 1869, when they were banned, debtors' prisons were the great incinerators of British reputations. Those who were unable to pay their bills were jailed until their creditors were paid - an unlikely event, given that the prisoner was unable to work. — Tina Brown

When America's creditors consider our behavior they see total fiscal irresponsibility. They see a deluded country that acts as if it is a privilege for foreigners to lend to it, and a deluded country that believes that foreigners will continue to accumulate US debt until the end of time. The fact of the matter is that the US is bankrupt. — Paul Craig Roberts

Once you deposit that money in your checking account, it becomes the bank's money and you're just another one of their creditors. — Kenneth Eade

I never heard of an old man forgetting where he had buried his money! Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors. — Marcus Tullius Cicero

Moderates in every faith are obliged to loosely interpret (or simply ignore) much of their canons in the interests of living in the modern world. No doubt an obscure truth of economics is at work here: societies appear to become considerably less productive whenever large numbers of people stop making widgets and begin killing their customers and creditors for heresy. The first thing to observe about the moderate's retreat from scriptural literalism is that it draws its inspiration not from scripture but from cultural developments that have rendered many of God's utterances difficult to accept as written. — Sam Harris

Procrastinatio n and indulgence are nothing more than creditors who charge us interest. — Rory Vaden

Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure ... The credit crunch and foreclosure problems are failures of government policy. — Walter E. Williams

No man of honor, as the word is usually understood, did ever pretend that his honor obliged him to be chaste or temperate, to pay his creditors, to be useful to his country, to do good to mankind, to endeavor to be wise or learned, to regard his word, his promise, or his oath. — Jonathan Swift

Hamilton used the sinking fund to maintain the confidence of creditors in the government's securities; he had no intention of paying off the outstanding principal of the debt. Retiring the debt would only destroy its usefulness as money and as a means of attaching investors to the federal government. — Gordon S. Wood

We [US government] have used our taxpayer dollars not only to subsidize these banks but also to subsidize the creditors of those banks and the equity holders in those banks. We could have talked about forcing those investors to take some serious hits on their risky dealings. The idea that taxpayer dollars go in first rather than last - after the equity has been used up - is shocking. — Elizabeth Warren

The class-struggles of the ancient world took the form chiefly of a contest between debtors and creditors, which in Rome ended in the ruin of the plebeian debtors. They were displaced by slaves. In the middle ages the contest ended with the ruin of the feudal debtors, who lost their political power together with the economic basis on which it was established. Nevertheless, the money relation of debtor and creditor that existed at these two periods reflected only the deeper-lying antagonism between the general economic conditions of existence of the classes in question. — Karl Marx

Be modest in your wants ... There is nothing that will cause greater tensions in marriage than grinding debt, which will make of you a slave to your creditors. — Gordon B. Hinckley

Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult. — Ludwig Von Mises

There are philanthropists who, incapable of managing their own little affairs, take upon themselves those of the whole world; but as their creditors always outnumber their disciples, they owe humanity more than she will ever owe them. — Jean Antoine Petit-Senn

You must not imagine that Papa or I have the least notion of compelling you to marry anyone whom you hold in aversion, for I am sure that such a thing would be quite shocking! And Charles would not do so either, would you, dear Charles?"(Elizabeth Ombersley)
"No, certainly not. But neither would I consent to her marriage with any such frippery fellow as Augustus Fawnhope!"
"Augustus," announced Cecilia, putting up her chin, "will be remembered long after you have sunk into oblivion!"
"By his creditors? I don't doubt it. — Georgette Heyer

They who truly come to God for mercy, come as beggars, and not as creditors: they come for mere mercy, for sovereign grace, and not for anything that is due — Jonathan Edwards

And as a general rule, which may make all creditors who are inclined to be severe pretty comfortable in their minds, no men embarrassed are altogether honest, very likely. They conceal something; they exaggerate chances of good luck; hide away the reals state of affairs; say that things are flourishing when they are hopeless; keep a smiling face (a dreary smile it is) upon the verge of bankruptcy
are ready to lay hold of any pretext for delay, or of any money, so as to stave off the inevitable ruin a few days longer. — William Makepeace Thackeray

If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don't just say, 'I'm not going to file.' There are ways to deal with these things, but you must communicate with your creditors, whether it's a credit card company or tax department. — Hill Harper

IMF is really designed to protect creditors not debtors. — David Graeber

If you want to access the funds without wasting your money then get applied for bad credit no fee loans. They are excellent financial scheme that allows the borrowers to gain the desired amount of funds without demanding any additional charges or collateral from them. The best part of this loan plan is that poor creditors can also enjoy the service of this loan without any hindrance of their negative credit profile. — John Smith

The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus. — Peter Schiff

It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, "never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principal within a given term; and to consider that tax as pledged to the creditors on the public faith." — Thomas Jefferson

Bankruptcy is a legal proceeding in which you put your money in your pants pocket and give your coat to your creditors. — Joey Lauren Adams

The difference between the past and the present is that individual freedom and security no longer fall to be protected solely through the D vehicle of common-law maxims and presumptions which may be altered or repealed by statute, but are now protected by entrenched constitutional provisions which neither the Legislature nor the Executive may abridge. It would accordingly be improper for us to hold constitutional a system which, as Sachs J has noted, confers on creditors the power to consign the person of an impecunious debtor to prison at will and without the interposition at the crucial time of a judicial officer. — Pius Langa

It is an error to suppose that a man belongs to himself. No man does. He belongs to his wife, or his children, or his relations, or to his creditors, or to society in some form or other. — George Augustus Henry Sala

As Capp would remember, his paternal grandfather's early years in the store were characterized by success and expansion - until, that is, he discovered the works of Alexandre Dumas. To that point, he'd read virtually nothing but the Talmud, but he quickly determined that the swashbuckling adventures described in The Count of Monte Cristo, The Three Musketeers, and other Dumas novels were much more exciting. He was hooked. Capp recalled seeing a photograph of his grandfather, cutting quite the figure with his long, Russian-style hair and beard, seated outside his store, reading Dumas rather than waiting on customers. He went out of business, his store purchased by creditors. — Denis Kitchen

There is no class of people in the world, who have such good memories as creditors. — P.T. Barnum

Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries. — Bill Gross

For every letter of creditors, write fifty lines on an extraterrestrial subject and you'll be saved. — Charles Baudelaire

If the governments devalue the currency in order to betray all creditors, you politely call this procedure 'inflation'. — George Bernard Shaw

None has more frequent conversations with a disagreeable self than the man of pleasure; his enthusiasms are but few and transient; his appetites, like angry creditors, are continually making fruitless demands for what he is unable to pay; and the greater his former pleasures, the more strong his regret, the more impatient his expectations. A life of pleasure is, therefore, the most unpleasing life. — James Goldsmith

RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk." — Gary H. Stern

We owe the government taxes. We owe our creditors interest. What do these powers owe us? — Anna Deavere Smith

The creditors are proving impossible to deal with and short of a sudden appearance on the scene of wealthy art patrons, we are going to be turned out of this dear little house where I led a simple life and was able to work so well. I do not know what will become of us ... — Claude Monet

While it would have been straightforward, and perfectly legal, to allow Irish banks or the Greek state to default to their private creditors (so as to respect the no-bailout clause), the authorities' guilty desire to bail out the German and French banks (without telling taxpayers that this was what they were doing) led to the need to violate the no-bailout rule by concocting another rule: the no-default rule, which was never part of Europe's original set of rules. (...) Both the freshly minted no-default rule and the original no-bailout clause were political whims of the strong disguised as legal constraints upon the weak. In reality, the strong break their rules at will and concoct new rules whenever they think it suits them. — Yanis Varoufakis

As these debts become due, rich creditors will be pitted against poor debtors; private-sector taxpayers against public-sector workers, young workers against the retired, domestic voters against foreign bondholders. It is impossible to forecast who will win each of these battles but one thing seems certain: not all these debts will be paid in full. — Philip Coggan

The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off. — Michael Hudson

For society to function some kind of reasonable balance has to be stuck between the competing interests of creditors and debtors. Although the mandate of the Bank of Canada was to maintain a delicate balance between encouraging growth and fighting inflation, the Bank opted to focus exclusively on fighting inflation. In doing so it came down heavily in favour of those with financial assets to protect, and against those whose primary need was employment. — Linda McQuaig

Home I would go But that my doors are hateful to my eyes, Fill'd and damm'd up with gaping creditors, Watchful as fowlers when their game will spring. — Thomas Otway