creditors' committee
noun[C]
LAWUSukusagrouprepresentingpeopleorcompaniesthat areowedmoneyby abankruptcompany. Thecreditors'committeehelpstodecidehow theassetsthatremainwill bedivided:
MajorcreditorswillmeetonDec. 12 toformacreditors'committee, which willnegotiatewith thecompanyonbehalfof those stillowedmoney.