An LIT can provide important benefits for creditors including: expediting the process of collecting debts; protecting assets from being sold at auction without first giving notice to debtors; ensuring that distributions made to secured lenders are paid before any distribution goes to unsecured lenders; coordinating administration between different departments within a business organization (such as marketing, finance and human resources); acting as liaison between employees and management during creditor negotiations; providing guidance throughout proceedings regarding employee entitlements under employment contracts, etc.