The composition agreement shall be legally effective as of the date of the public announcement.
和解协议自公告之日起具有法律效力。
Creditors may organize a creditors' meeting to discuss and approve of a formula for the disposition and distribution of bankrupt property, or for a composition agreement.
债权人可以组成债权人会议,讨论通过破产财产的处理和分配方案或者和解协议。
Debts re-composition means creditor allows debtor to modify accounting dealing matters according to the agreement with debtor or the ruling of court.
债务重组是指债权人按照其与债务人达成的协议或法院的裁决同意债务人修改债务条件的会计处理事项。
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