Target Canada Owes Millions to Major Video Distributors

[Buzz201]

Originally Posted by uther

Nicollet Enterprise is owed 3 billion, you call that a short term debt? The pdf states it is a Consolidated List of Creditors, where are you getting short term from?

I am not a bankruptcy expert but the entire point of it is to avoid as much as possible not paying the creditors. From personal experience I know those owed the most get the loin's share, those owed amounts in the middle get little and those on the lower end get nothing.

Now let's panic...

I didn't read the list in any detail, I skimmed it, based on the OP's highlights.

In accounting "creditors" would generally refer to short term liabilities, based on the note at the top about them being drawn from the recent books, I assumed they would have carried terminology across. I was also not aware they were in bankruptcy when I made the comment* , in that context, they probably would all be referred to as "creditors". From the looks of it, they are very much screwed.

*(I'm not Canadian, I assumed somebody had assembled the list from their published financial statements - In the UK it's a legal requirement that the financial statements are kept on record and made available to the public by companies house, I was guessing Canada has a similar set up and somebody had decided to make a deal out of those)