Creditor Arrangement
/ˈkrɛdɪtər əˈreɪndʒmənt/
Definitions
- (n.) A formal or informal agreement between a debtor and creditor(s) outlining the terms for debt repayment or restructuring.
The creditor arrangement allowed the company to avoid bankruptcy by modifying its debt repayments.
Forms
- creditor arrangement
- creditor arrangements
Related terms
See also
Commentary
Terms like 'creditor arrangement' often arise in insolvency and restructuring contexts and may vary by jurisdiction; clarity on whether formal court processes or informal agreements apply is recommended when drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.