Arlington Texas Composition with Creditors with Installment Payments Secured by Notes of Debtor and Guarantor

State:
Multi-State
City:
Arlington
Control #:
US-0917BG
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Word; 
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Description

A composition with creditors is a common-law device for the compromise of debts. Pursuant to an agreement between an insolvent or financially embarrassed debtor and two or more creditors, the creditors, in consideration of an early payment, agree to discharge their respective claims on receipt of payment of a fraction of the amount the debtor actually owes. Additionally, a composition may take the form of an agreement by creditors to extend the time in which the debtor may pay the creditors' claims, or may consist in a total discharge of the debts. When executed, a composition operates as a complete discharge of the debtor as to all who share in it, and each assenting creditor is subsequently estopped from recovering on the original debt.

Composition agreements for the relief of insolvent debtors have been superseded, to a great extent, by proceedings under the Federal Bankruptcy Act and various state insolvency laws. They are, however, still of considerable importance in some jurisdictions.
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FAQ

Arlington House is located inside Arlington National Cemetery. From Washington, D.C. you can drive to the cemetery by crossing the Memorial Bridge.

Arlington is well connected to Washington, D.C. and the greater region with 11 Metro stations on the Orange, Silver, Blue and Yellow lines, plus easy connections to the Red Line for access to Amtrak Washington, D.C. Union Station. Check out Metro's Trip Planner for more info.

If you enjoy outdoor activities, then you may enjoy Arlington more than DC. The county offers many large parks and long hiking trails that you won't find in DC. If you are more interested in exploring a big city, then you may want to select DC.

From 1801 to 1847, what are now Arlington and a portion of the were known as Alexandria County, District of Columbia. In 1847, at the request of the local residents, Congress retroceded Alexandria County to the Commonwealth of Virginia.

Arlington, Texas Arlington ZIP Codes 76001-76007, 76010-76018, 76094, 76096 Area codes 682,817, 214, 469, 945, 972 FIPS code 48-04000 GNIS feature ID 137232030 more rows Arlington, Texas - Wikipedia wikipedia.org ? wiki ? Arlington,_Texas wikipedia.org ? wiki ? Arlington,_Texas

Arlington, urban county in northern Virginia, U.S., lying across the Potomac River (southwest) from Washington, D.C., and adjoining the (south). Arlington is connected to Washington by five bridges?Francis Scott Key, Arlington Memorial, George Mason, Theodore Roosevelt, and Rochambeau Memorial.

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Arlington Texas Composition with Creditors with Installment Payments Secured by Notes of Debtor and Guarantor