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Virgin Islands
Composition with Creditors -- Assignment to Trustee by Debtor

Virgin Islands Composition with Creditors -- Assignment to Trustee by Debtor

Category:

Contracts - Composition with Creditors

State:

Multi-State

Control #:

US-0929BG

Format:

Instant download

Description

A composition agreement is an agreement made between an embarrassed or insolvent debtor and two or more of his creditors, that each of the creditors entering into the agreement will be paid a specified amount, less than the whole of their claims, and the creditors agree to accept such payment in full satisfaction of their claims. The agreement works substantially an accord for which the consideration is the satisfaction to be made by the debtor, and such an accord is no bar to suit on the original debt, unless the satisfaction is performed.

Virgin Islands Composition Agreement with Creditors

Virgin Islands Composition with Creditors -- Transfer of Property to Trustee for Benefit of Creditors

Virgin Islands Composition with Creditors -- Transfer of Property to Trustee for Benefit of Creditors

Virgin Islands Composition with Creditors -- Debtor to Carry on Business under Inspection by Creditors' Committee -- Transfer to Committee of Debtor's Real Estate

Virgin Islands General Form of Assignment to Benefit Creditors

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