Informal Arrangements
Informal Arrangements
Informal Arrangements.
Personal
An informal arrangement allow us with your consent to correspond with your creditors and put forward for their consideration a payment plan or settlement of your debts thereby avoiding insolvency proceedings.
Commercial
In certain cases arrangements can be made with creditors which will enable a companycontinue to trade and regularise its financial responsiblities without the need to enter into formal arrangement.
This usually is considered when only a small number of creditors are involved and can have the effect of enabling the company to come back onto an even keel.
