Showing results for voluntary arrangement. Search instead for Voluntary+Departure+Reentry.

voluntary arrangement

British

noun

law a procedure enabling an insolvent company to come to an arrangement with its creditors and resolve its financial problems, often in compliance with a court order

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Factory Transmedia Ltd, based in Altrincham, Greater Manchester, has been put into a creditors' voluntary arrangement.

From BBC • Apr. 12, 2024

A voluntary arrangement is currently in place which means every High Street should have free access to cash within 1km.

From BBC • Aug. 17, 2023

He said he had tried to negotiate a settlement with the Bank of Ireland eight times, including offering to enter into a individual voluntary arrangement but said the bank had "rejected all our proposals".

From The Guardian • Jun. 13, 2012

Sportswear group JJB plans to close up to 95 stores, six of them owned by Hammerson, as part of a court-approved company voluntary arrangement.

From The Guardian • Feb. 21, 2011

Some were for abolition of the seigneurs' rights: some were for voluntary arrangement with the aid of law.

From The Winning of Popular Government A Chronicle of the Union of 1841 by MacMechan, Archibald

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023