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avtale med kreditorer

substantiv

full

arrangement with creditors

noun

Definitions of arrangement with creditors

English

a debtor's agreement with creditors to settle debts or extend the time for payment. An arrangement with creditors is the part of an insolvency plan.

The company is technically insolvent, and unless it enters into an arrangement with creditors, is likely to go into liquidation (=close and sell its assets).