What is a critical vendor?
Sometimes certain general unsecured creditors are thought to be absolutely necessary to the reorganizing of the debtor’s business and, under what is known as the “Necessity of Payment Doctrine,” have parlayed that relationship into preferred payment on their claims. These creditors are often referred to as “Critical Vendors.
Related Questions
- As a company, we consider our vendor relationships a critical link to our purchasing environment. How does IEM Group protect the sensitivity of those relationships?
- Why would we move a critical function such as inside sales/early sales lifecycle to an external vendor?
- How critical is it to the success of a project to have a strong client/vendor team?
