I think you misinterpreted my statement here. The future profit I'm talking about is the profit of the creditor (or investor).

That being said, I completely disagree with this part:

> Creditors are not people who made bets on the company's future profits.

Nope, that's not how reality works. If the company doesn't have the money (including their assets), you aren't getting paid.

Extending credit is fundamentally a risk. That's one of the reasons credit card companies charge interest.