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Composition with creditors

Topic: Finance

 From HandWiki - Reading time: 1 min
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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