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What info must be contained in a compromise proposal? - - any proposals made "informally" by a company creditor

- details of all assets and creditors

- treatment of ongoing contracts

- order of preference, proceeds apply

- conditions precedent

- number of employees

- t&c of employment

- projected balance sheet

- income and expenses for 3 years

- certificate by authorized director stating info is factual, accurate, up to date



When will compromise be adopted and binding - - S155(6) a...
What info must be contained in a compromise proposal? - - any proposals made "informally" by a company creditor

- details of all assets and creditors

- treatment of ongoing contracts

- order of preference, proceeds apply

- conditions precedent

- number of employees

- t&c of employment

- projected balance sheet

- income and expenses for 3 years

- certificate by authorized director stating info is factual, accurate, up to date



When will compromise be adopted and binding - - S155(6) a...
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How much did you already spend on Stuvia? Imagine there are plenty more of you out there paying for study notes, but this time YOU are the seller. Ka-ching!
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