Who are considered 'qualified creditors'?

Qualified creditors are those whose claims are recognized and deemed eligible to participate in the restructuring process. This typically includes creditors who hold valid claims against the company that is undergoing restructuring, meaning that their rights to repayment or settlement are acknowledged in the legal framework governing the restructuring.

These creditors play a crucial role in the process, as they often need to consent to any proposed restructuring plan that could affect their claims, including debt forgiveness, changes in payment terms, or the conversion of some or all of their claims into equity. Being a qualified creditor is essential for participating actively in negotiations and decision-making during the restructuring efforts.

Other options do not capture the necessary criteria for being a qualified creditor. Settlements or unsolicited loans do not intrinsically qualify someone to influence or engage in the restructuring. Similarly, individuals or investors without a financial stake in the company do not have claims that could be addressed or restructured in this context.