Fragen über die Beispielsätze mit, und die Definition und Benutzung von "Creditor"

A: stave off = temporarily stop or delay someone; weakly try to avoid something
creditors = people who loaned money to someone, or businesses who are waiting to be paid by their customers

He owes money to people, and he is delaying paying them back.

A: Ultimatum: a demand that you do something, with a threat of punishment if you don't do it.
- if the creditors are issuing an ultimatum, they are probably telling the debtors that they better pay them back now or they will be punished.

A: It means "two other creditors took the rest of the money".

A: Creditor - Lends money to the debtor
Debtor - Owes money to the creditor

A: creditor is a person to whom you owe something, debtor is a person who owes you something.