Creditors' Issues: Forbearance Agreements and Settlement AgreementsHeather M. B. Ferris,Sarah J. Nelligan, September 19, 2011, previously published by Continuing Legal Education Society of British Columbia’s course on Bankruptcy & Insolvency Basics for Lawyers on February 2011
Creditors and debtors often enter into agreements with respect to the repayment of indebtedness. These forbearance agreements or “standstill agreements” are useful tools whereby both creditors and debtors can work together to reach a common goal without the immediate need for...