Who is the general creditor of this hotel?

Creditors refer to lenders and suppliers of banks and other financial institutions. They either lend money to the company or provide the company with stock materials and equipment. As creditors, they are most concerned about whether they can get the principal and interest of the loan and whether they can receive the payment in time.

Creditor's subrogation is another important system newly established in contract law. It means that when the debtor is lazy in exercising his due rights to a third party and damages his creditor's rights, the creditor requests the people's court to exercise the debtor's right subrogation to a third party in his own name in order to protect his rights.