A company1 may enter a voluntary arrangement with its creditors for a composition in satisfaction of its debts or a scheme of arrangement of its affairs2. The proposal must state how it is proposed to deal with creditors who are, or claim to be, secured3. The meeting of the company and its creditors summoned to consider the proposal may not approve any proposal or modification which affects the right of a secured creditor to enforce his security, except with his concurrence
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234