Debtor Arrangement
/ˈdɛtər əˌreɪndʒmənt/
Definitions
- (n.) A formal agreement between a debtor and creditors to restructure debt repayment terms, often under insolvency law.
The debtor arrangement allowed the company to avoid bankruptcy by adjusting its payment schedule.
Forms
- debtor arrangement
- debtor arrangements
Related terms
See also
Commentary
Use clear terms to distinguish debtor arrangement from generic debt agreements; it typically implies an arrangement under insolvency or formal legal context.
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.