Cured Creditors

Cured creditors are those individuals or entities owed money that have been fully paid back or compensated for their debts. This term often arises in bankruptcy proceedings or financial restructuring, where a debtor may initially be in default but later fulfills their payment obligations, effectively "curing" the default. Once a creditor is cured, they can no longer claim a financial interest or participate in specific bankruptcy proceedings regarding that debt, as the obligation has been satisfied. Essentially, a cured creditor has received what they were owed, resolving the issue of debt.