Voluntary arrangements definition
Voluntary arrangements means arrangements made with the combined authority under—
Voluntary arrangements means actions which are agreed without being specified in regulations.>
Voluntary arrangements. The Chargor makes any application to the Court under Section 253 of the Insolvency Act, or the Chargor proposes or makes any agreement for the deferral, rescheduling or other readjustment (or proposes or makes a general assignment or an arrangement or composition with or for the benefit of the relevant creditors) of all of (or all of a particular type of) the Chargor's debts (or of any part which he or she will otherwise be, or might reasonably be expected otherwise to be, unable to pay when due), or a moratorium is agreed or declared in respect of or affecting all or a material part of (or of a particular type of) the debts of any Chargor; or
Examples of Voluntary arrangements in a sentence
Tribe, ‘Company Voluntary arrangements and rescue: a new hope and a Tudor orthodoxy’, Journal of Business Law 2009, no.