Definitions for "Deed of Arrangement"
Arrangement proposed by the debtor for payments to their creditors (governed by the Deeds of Arrangement Act 1914).
Method for an individual (not a company) to come to terms with creditors short of formal bankruptcy, it has now been almost completely replaced by Individual Voluntary Arrangements.
A method for an individual (not a company) to come to terms with creditors outside formal bankruptcy. The procedure is governed by the Deeds of Arrangement Act 1914 and is now almost completely replaced by voluntary arrangements.