Mr Cooper Group Inc fka COOP

[Bizreader]

The owners own the company, the company owes the creditors, the common stock is a debt and the stock holders are creditors, in a manner of speaking, but they are low on the list of those creditors who receive pay off in the case of liquidation.

It is misleading to say that the creditors own the company.
They do not own the company.

Often people say the banks owns their home. The fact that the inhabitants have possession of the home actually counts for something. The owners have first access to vital information about the home and how to improve it's value, reduce its value and its current condition.

The bank owns the mortgage on the house, not the house.
Creditors own what ever form or "IOU" they may have but not the company itself.