Composition With Creditors
From Handwiki Short description: Agreement among several creditors of a debtor, usually a business
A Composition with Creditors is an agreement among several creditors of a debtor, usually a business. Usually, the agreement involves paying a lessened amount over a period of time.
See also
- Company Voluntary Arrangement
- Individual Voluntary Arrangement
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Categories: [Credit]
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☰ Source: https://handwiki.org/wiki/Finance:Composition_with_creditors | License: CC BY-SA 3.0
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