Operational Creditor

An operational creditor is a person or entity that lends goods or services to a business but has not been paid for those services. This can include suppliers, contractors, or service providers who have delivered their products or services to a company on credit. If the company struggles financially, operational creditors can seek repayment through legal proceedings, often as part of bankruptcy or insolvency processes. Their status is important in determining how debts are settled, as they typically have specific rights to reclaim payments owed to them.