Comparative law notes
Insolvency law
There are multiple definitions - click on the translation that matches your context.
Vergleichsverfahren means:
Substantiv
full
noun
Insolvency law
an agreement between a debtor (=someone who owes money) and a creditor (=someone owed money) to settle the debt for less than the total amount
Holders of superior claims voting for the composition will be individually bound by its content.