Sentence examples for creditors voluntary from inspiring English sources

But it was unable to raise further funds and entered a creditors voluntary liquidation last month.

They first had to find £100,000 to pay wages, then were advised to negotiate a Creditors' Voluntary Agreement.

There have been reports the club could go into administration and chairman Adam Pearson has admitted entering into a Creditors Voluntary Arrangement is a possibility.

The offer letter to creditors which will trigger the meeting to determine whether administrators can form a creditors voluntary arrangement, is imminent but later than had initially been planned.

Last year, as a trustee for anti-bullying charity BeatBullying, I found myself in a similar position: we made the difficult decision to enter the organisation into a creditors' voluntary liquidation.

Other (much less used) procedures are company voluntary arrangements a reorganisation procedure compulsory liquidation and creditors' voluntary liquidations.

The company, who also have links to Championship side Dewsbury Rams, have entered a creditor's voluntary liquidation with the loss of 18 jobs.

The difference here is that the deal is apparently all voluntary; creditors can simply stay put.

The troika has also made passage of the measures a condition for sealing a deal in which private creditors will take voluntary losses of up to 70 percent of Greek debt.

"We want the participation of private creditors on a voluntary basis," said Merkel, stressing that there was no legal way in which banks could be forced to play along.

But after a two-hour meeting with President Nicolas Sarkozy of France, whose banks are among the most heavily exposed in the Greek debt crisis, Mrs. Merkel relented, saying, "We would like to have a participation of private creditors on a voluntary basis".