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Do some creditors rank higher than others in terms of voting rights?

Do some creditors rank higher than others in terms of voting rights?

Deposit Insurance Corporation •November 24, 2017

All creditors rank equally in terms of voting rights.

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Do some creditors rank higher than others in terms of distribution?

Can the Liquidator communicate directly with the creditors?

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Frequently Asked Questions

What procedure does the DIC follow after an institution has been closed?
Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
When must a depositor file a claim?
Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?

Did You Know?

Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.

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Deposit Insurance Corporation

Home
About the DIC
Deposit Insurance
Deposit Insurance Calculator
Depositor Resources
Asset Sales
CIB Liquidation
Pen to Paper Series