He would have to pay the creditor forthwith because he had borrowed money solely for a transaction which had ceased to have effect.
Times, Sunday Times
However, the administrator will probably focus on attempting to pay creditors and shareholders.
The Sun
The official receiver will take over the legal control of the assets to pay creditors.
Times, Sunday Times
Administrators are trying to raise cash to pay creditors.
The Sun
A court rejected his offer to pay creditors 42p in the pound.
The Sun