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PKF Corporate Recovery & Insolvency

Services

Creditor Compromise

A creditor compromise is similar to a voluntary administration, in that the company engages an insolvency practitioner to assess its affairs and provide a proposal to creditors for the repayment of company debt. In the event that the compromise is accepted by creditors, the insolvency practitioner is usually appointed as an administrator to oversee the compromise and ensure that the compromise terms are met.


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