Creditor, and Creditors' Committee -- Subordination of Creditors' Claims
A composition with creditors is an agreement between an insolvent or embarrassed debtor and two or more of his or her creditors in which the creditors, for some consideration, such as an immediate payment, agree to accept that or a future payment in full satisfaction of their respective claims, even though the payment is less than the amount owing on their claims. Such a composition is a compromise for the settlement of debts already incurred and does not embrace an agreement to alter the obligation of a contract with respect to future performance, nor is it an arrangement to pay the creditors in full at a later date. However, in some jurisdictions a composition may consist of an agreement by the creditors to extend the time in which the debtor may pay their claims, or an agreement that no creditor will receive any part of his or her claim. Composition agreements have to a great extent been superseded by proceedings under the Federal Bankruptcy Act or by state insolvency laws.
Chandler Arizona Extension Agreement among Debtor, Stockholders, Creditors, Secured Creditor, and Creditors' Committee -- Subordination of Creditors' Claims
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Chandler
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US-0928BG
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1. : a maker or seller of tallow or wax candles and usually soap. 2. : a retail dealer in provisions and supplies or equipment of a specified kind. a yacht chandler.
/???ps t?ændl?r/ (also chandler) ?a person or shop that sells equipment for ships and boats.
A person who sells supplies for boats or ships: The ship's chandler always needs extra help when a boat comes in. He became a yacht chandler in Shaldon, at the mouth of the River Teign.
Origin of chandler1. 1275?1325; Middle English chandeler candlestick, maker or seller of candles < Anglo-French, Old French chandelier, literally, someone or something connected with candles, equivalent to chandelle candle + -ier -ier 2.
Chandler (occupation), originally head of the medieval household office responsible for candles, now a person who makes or sells candles. Ship chandler, a dealer in supplies or equipment for ships.
Chandler (noun as in dealer) Strongest matches. banker merchant retailer trader trafficker vendor wholesaler.
Welcome to Chandler, AZ ? a dynamic city known for its tech innovation, cultural districts, and diverse architecture. With a thriving arts scene and commitment to innovation, Chandler is recognized globally.
Chandler in Occupations topic From Longman Dictionary of Contemporary Englishchand?ler /?t???ndl? $ ?t?ændl?r/ noun [countable] someone who made or sold candles in the past ? ship's chandlerExamples from the Corpuschandler? In 1788 the Tandragee Circuit was formed in the house of James Lemon, a chandler.
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