Composition with Creditors -- Debtor to Carry on Business under Inspection by Creditors' Committee -- Transfer to Committee of Real Estate of Debtor is a type of agreement between a creditor and a debtor that allows the debtor to continue to operate their business while being monitored by a creditors' committee and transferring real estate to the committee. This type of agreement enables creditors to secure payment from the debtor's assets and for the debtor to continue to operate their business without going into bankruptcy. Types of Composition with Creditors include a deed of arrangement, a deed of assignment, and a deed of surrender. All of these agreements involve a repayment plan and allow creditors to take control of some of the debtor's assets in order to secure payment.
Composition with Creditors -- Debtor to Carry on Business under Inspection by Creditors' Committee -- Transfer to Committee of Real Estate of Debtor
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