ARRANGEMENT WITH CREDITORS

arrangement with creditors

glossary / ARRANGEMENT WITH CREDITORS, 与债权人和解

arrangement with creditors (破产法)与债权人和解指债务人与债权人就债务的和解〔settlement〕、清偿〔satisfaction〕或延期偿付〔extension〕达成协议。如美国联邦《破产法典》〔Bankruptcy Code〕第11章规定，在法院的保护和监督下，经济陷入困境的企业可以根据重整计划与债权人达成协议，允许其继续营业，而不是马上破产。

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arrangement with creditors. Bankruptcy. A debtor’s agreement with creditors for the settlement, satisfaction, or extension of time for payment of debts. See BANKRUPTCY PLAN. [Cases: Bankruptcy 3661.100–3661.115.]

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