Finance: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
Original source: https://en.wikipedia.org/wiki/Composition with creditors.
Read more |