Deed of Company Arrangements

Deed of Company Arrangement

Purpose and Contents of the Insolvency and Bankruptcy Code

The deed is an agreement between the parties on the course of action that is to be followed.

This could include:
* a slower rate of debt repayment,
* a swap of debt for equity,
* an acceptance of a lesser amount in full payment; and
* Appointment of creditors to the board of directors of the company, etc.

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