All debt is not equal in seniority (seniority != amount), and yes, there are other creditors. Many people have credit cards, get bank loans, and have a mortgage

All debt is not equal in seniority (seniority != amount), and yes, there are other creditors. Many people have credit cards, get bank loans, and have a mortgage, and I assume he has also borrowed money from several other sources. Those are creditors. The next thing to do is think about the order these people get to take money in. Debt isn't one pool, it's a set of multiple priority queues. Asset-backed lines of credit typically have a senior claim to that asset but a junior claim to the general pool of money - Alex Jones, if forced to sell a hypothetical car with a hypothetical $1000 loan, will be paying back that loan in its entirety (if covered by the sale of the car) before the proceeds of that sale go to the $1.5 billion debt. Your general accounts are similarly ordered.