deed of arrangement

A deed of arrangement must be registered with the High Court offices.

The creditors accepted a Deed of Arrangement and they were paid a dividend in 2010.

It was viewed that a deed of arrangement would give creditors a greater return than liquidation would provide.

When property is assigned to a trustee for dividing among the creditors as part of the composition, this is called a deed of arrangement.

Deed of arrangement - document setting out an arrangement for a debtor to pay part or all outstanding debts, as an alternative to bankruptcy; (Australian law).

The firm provides both corporate / commercial law and litigation advice; assists foreign companies doing business in Italy, is conversant with bankruptcy and restructuring proceedings, deed of arrangement and bankruptcy administration.

The Committee recommended replacing Deeds of Arrangements, by which an insolvent individual could execute a deed assigning his assets to a trustee for the benefit of creditors, by Voluntary Arrangements.

You will be the insolvency practitioner for an individual if you act as a trustee in bankruptcy, interim receiver, trustee under a deed of arrangement for a creditor, a supervisor of an individual voluntary arrangement or as the administrator of a deceased individual's estate.

In theory it is also open to a debtor to make a proposal to his creditors by deed of arrangement under the Deeds of Arrangement Act 1914, but this procedure has fallen into disuse since the introduction of voluntary arrangements under the Insolvency Act 1986.