Your Name – enter your name or nickname as you want it displayed |
|
Name of Business |
|
Primary area of practice |
please specify field of law here:
|
2nd area of practice: (optional) |
please specify field of law here:
|
3rd area of practice: |
please specify field of law here:
|
4th area of practice: |
please specify field of law here:
|
5th area of practice: |
please specify field of law here:
|
Location – where you practice law (fill in as many fields as you
would like) |
|
|
Note: your profile does not go live until
you contribute a form
|
|
Click image below to see how we display your
profile
|
- Receive a free profile listing your firm's areas of expertise
- All contributed forms prominently display your business profile,
which include the optional fields of your phone number, email, and website address(see
example in top right)
- Connect with thousands of businesses, professionals, and potential
customers looking to use your expertise and services
- Your form will be highly optimized for the search engines, enabling people doing
keyword searches related to your business to find you via the profile we display
about you
- Feel good by giving back to the community by providing quality legal and business
forms for free
- You're protected: all users who download your forms agree to idemnify you Learn More
|
|
Your Name – enter your name or nickname as you want it displayed |
|
Name of Business |
|
2nd area of practice: (optional) |
please specify field of law here:
|
3rd area of practice: |
please specify field of law here:
|
4th area of practice: |
please specify field of law here:
|
5th area of practice: |
please specify field of law here:
|
Location – where you practice law (fill in as many fields as you
would like) |
|
|
Note: your profile does not go live until
you contribute a form
|
|
Click image below to see how we display your
profile
|
- Receive a free profile listing your firm's areas of expertise
- All contributed forms prominently display your business profile,
which include the optional fields of your phone number, email, and website address(see
example in top right)
- Connect with thousands of businesses, professionals, and potential
customers looking to use your expertise and services
- Your form will be highly optimized for the search engines, enabling people doing
keyword searches related to your business to find you via the profile we display
about you
- Feel good by giving back to the community by providing quality legal and business
forms for free
- You're protected: all users who download your forms agree to idemnify you Learn More
|
|
Your Name – enter your name or nickname as you want it displayed |
|
Name of Business |
|
2nd area of practice: (optional) |
please specify field of law here:
|
3rd area of practice: |
please specify field of law here:
|
4th area of practice: |
please specify field of law here:
|
5th area of practice: |
please specify field of law here:
|
Location – where you practice law (fill in as many fields as you
would like) |
|
|
Note: your profile does not go live until
you contribute a form
|
|
Click image below to see how we display your
profile
|
- Receive a free profile listing your firm's areas of expertise
- All contributed forms prominently display your business profile,
which include the optional fields of your phone number, email, and website address(see
example in top right)
- Connect with thousands of businesses, professionals, and potential
customers looking to use your expertise and services
- Your form will be highly optimized for the search engines, enabling people doing
keyword searches related to your business to find you via the profile we display
about you
- Feel good by giving back to the community by providing quality legal and business
forms for free
- You're protected: all users who download your forms agree to idemnify you Learn More
|
|
|
Our Spam Policy
We hate getting spam as much as you do. So we have implemented a tough spam policy
regading how we deal with your email. We pledge that we will:
- Never rent, trade, or sell any email or any personal information to any third
party without your explicit consent
Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
Close
Thank you for using
Yourfreelegalforms.com
Your online source for 100% free legal and business forms.
Have a form to contribute?
Contribute a legal or business form, checklist or article and have your profile
displayed on the same page as the form for free, powerfull, targeted marketing to
those searching for legal forms and advice.
Rate this form
(must be logged in)
|
|
Social Bookmark this Form
|
|
Advertise your business to thousands for free –
Contribute a form
|
|
Form #1306Allowing debtor to carry on business under direction of committee of creditors
Average user rating: |
Not Yet Rated
|
Rate it |
|
Allowing debtor to carry on business under direction of committee of creditors
|
Need this form customized? |
Download This Form
|
Printer Friendly Version
Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your
agreement to hold this site, its officers, employees and any contributors to this
site harmless for any damage you might incur from your use of any submissions contained
on this site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice. YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
|
Allowing debtor to carry
on business under direction of committee of creditors.
This agreement made at _________, on _________[date],
between _________, called debtor, and _________, called committee and
_________, called other creditors.
Debtor is indebted to committee and other creditors in
the sums placed opposite their respective names at the end of this instrument.
At a meeting of committee and other creditors of
debtor, held on _________, it appeared that debtor is at present unable to pay
the demands of all his [her] creditors, but has ample stock in trade for that
purpose. It was agreed that debtor should be allowed to carry on his [her]
business for the term of _________ years, to be computed from _________, the
date of the execution of this agreement, or for an extended period as provided
below, under the inspection of committee, who have been unanimously chosen by
committee and other creditors and approved by debtor for that purpose, under
the conditions and stipulation mentioned below. It is further agreed:
1. Committee and other creditors give debtor full,
free, and absolute liberty to manage his [her] stock in trade, credits, and
effects, under the inspection and control of committee, or any two of committee
members from now until _________[date], or until such time as committee
and other creditors may allow by written consent signed by a majority [or other
proportion] of them and filed with committee. The death of debtor shall
terminate this agreement without effect or prejudice as to the existence, proof
and enforcement of the claims of creditors, insofar as not previously satisfied
and discharged under this agreement or otherwise against the estate of debtor.
2. It is agreed by committee and other creditors with
the debtor that if they, or any one or more of them shall, contrary to the true
intent and meaning of this agreement attach, arrest, or otherwise harass debtor
or his [her] property, then the debt or claim of the creditor, person or
persons so acting shall be forfeited and void. This agreement is binding on
committee and other creditors both jointly and severally.
3. It is agreed that debtor will pay to committee and
other creditors the full amount of the debts set opposite their respective
names at the end of this instrument, and that he [she] will pay the debts on or
before the expiration of the term of _________ years, or the prolonged period
previously mentioned, if the prolonged period is granted, without deduction,
according to the true intent and meaning of this agreement.
4. It is agreed that debtor will, as soon as possible
after this day, make out a full and exact account in writing of all his [her]
estate and effects, both real and personal, and of the charges and incumbrances
now affecting his [her] business and all his [her] estate, and he [she] will
deliver the account or copy to each member of committee and to each of his
[her] other creditors on or before _________[date]. Debtor, if required
by the committee or any _________ of the committee members, will verify the
truth of the accounts on oath.
5. It is agreed that debtor will at all times during
the period limited by this agreement, under the directions of committee, use
his [her] utmost endeavors to promote the prosperity of his [her] business and
to collect his [her] estate, credits, and effects. When money, bonds, bills,
notes, or other securities are received by him [her], debtor will pay in and
deposit in the bank the committee shall designate for that purpose, or will
dispose of them in such manner as committee shall direct. Debtor's money and
other valuables may be applied and distributed for the benefit of committee and
other creditors in the manner mentioned below.
6. Debtor agrees with committee and other creditors
that, unless he [she] previously shall have paid the whole of his [her] debts
due to committee and other creditors, he [she] will not at any time during the
term of this agreement release, charge, or incumber his [her] estate, business
stock in trade, or credits.
7. Until debtor has paid the whole of his [her] debts
now due to committee and other creditors, either on his [her] own account or in
connection with any other person or persons, debtor will not engage in any
business, trade, or commercial transactions whatsoever, without the consent in
writing of committee or the majority of members of committee.
8. Debtor will not commit nor permit any act whereby
any of committee or other creditors may obtain security or securities for their
debt or any preference or priority of payment contrary to the true intent and
meaning of this agreement.
9. Debtor will not release any debt nor bring any
action or suit for recovering a debt, except with the consent, and under the
direction and advice, of committee. Debtor will not, without the direction and
advice of the committee, disavow, discontinue or become nonsuit in any action,
suit or other proceeding that may be brought or prosecuted for the recovery of
any debt of debtor to committee or other creditors.
10. Debtor agrees that he [she] will keep proper
account books with a daily entry of all receipts and payments and of all other
matters and transactions relating to his [her] business as may be necessary to
show the true state of his [her] affairs. He [She] shall also preserve copies
of all letters sent to or received from any person concerning his [her]
business, and all books and letters, together with all other papers relating to
his [her] business [and all his [her] estate], shall be kept at his [her] place
of business or at any other place of safety the committee shall direct. Debtor
further agrees that committee shall at all times have free access to all his
[her] books, letters and papers pertaining to his [her] business [and all his
[her] estate], with full liberty to make extracts and copies.
11. Debtor agrees that, at the end of each month or
more often, if required by committee, he [she] will make and deliver to them a
general account, in writing, of all receipts and payments and of all other
matters and transactions relating to his [her] business [and all his [her]
estate] up to the end of the preceding month and also that he [she] will, if
required by committee, verify the truth of the accounts on oath.
12. Debtor will timely and in accordance with the law
make all tax returns and pay all taxes, including federal and income taxes
pertaining to himself [herself], his [her] estate and his [her] business.
Debtor will exhibit to committee all tax returns, bills, statements and
receipts, and furnish committee with copies of all tax returns.
13. It is agreed that all money, bonds, bills, notes
and securities arising from or belonging to the estate and business of debtor,
paid in or deposited with the bank designated by committee as provided above,
shall not be drawn out, except for the purposes mentioned below, and by draft
to be signed by debtor and by at least one member of committee.
14. It is agreed that it shall be lawful for
committee, out of the money arising from the estate and business of debtor,
first, to pay the costs incurred in preparing and executing this agreement and
to satisfy the wages and salaries of clerks, servants, and other persons
employed in carrying on the business of debtor, and to pay all other incidental
expenses incurred in the conduct and management of debtor's business. After
payment, committee will discharge all debts owing from debtor to any person or
persons whose debts shall not exceed $_____, or those that agree to accept that
sum in full of their respective demands. Next, committee shall pay or allow to
debtor, during the term of _________ years, or the extended period if granted as
mentioned below, the yearly sum of $_____ for his [her] subsistence and for
payment of all taxes as previously stated. Subject to these payments, committee
may, from time to time if there is sufficient money, pay a dividend of _____%
on the debts now due from debtor to committee and other creditors and pay and
distribute all such money to creditors, ratably and in proportion to the amount
of their respective debts. After payment and satisfaction of all debts, costs,
charges and expenses, committee shall pay over the whole surplus money, if any,
to debtor for his [her] own absolute use and benefit.
15. Committee and other creditors agree with debtor
that they will accept and receive payment of their debts now respectively owing
to them by debtor, in the manner arranged and directed for the payment of
debts, according to the true intent and meaning of this agreement.
16. Debtor
agrees that, if his [her] debts to the committee and other creditors shall not
have been paid in full on or before _________[date], or the extended
period if granted as previously mentioned, that he [she], on _________, or
another appointed day or time after an extension, will effectively convey,
assign and assure to the person or persons committee and other creditors or the
major part of them, at a meeting held for that purpose pursuant to _________
days' previous notice in the _________ newspaper, shall direct, all parts of
his [her] estate and effects as shall then remain unapplied to the purposes
provided above, for the benefit of committee and other
creditors in such manner as they or the majority of
them at the meeting shall require. Committee and other creditors agree that on
the conveyance, assignment or assurance by debtor they, at the request and
costs of debtor, will execute and deliver to him [her] an effectual release and
discharge from all his [her] debts and demands owing from his [her] to them
respectively, and also deliver to him [her] all bonds, bills, notes and other
securities relating to the debts and demands. However, if any of committee or
other creditors of the debtor whose debts shall individually or collectively
amount to $_____ shall not execute this agreement within the space of _________
calendar months after the date of this agreement if a resident within the United
States or within the space of _________ calendar months if a resident
elsewhere, then this agreement, so far as it has not been carried into effect,
but without prejudice to the agreement so far as it has been carried into
effect shall be void.
[Date and
signatures]
Our Spam Policy
We hate getting spam as much as you do. So we have implemented a tough spam policy
regading how we deal with your email. We pledge that we will:
- Never rent, trade, or sell any email or any personal information to any third
party without your explicit consent
Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
Close
Thank you for using
Yourfreelegalforms.com
Your online source for 100% free legal and business forms.
Have a form to contribute?
Contribute a legal or business form, checklist or article and have your profile
displayed on the same page as the form for free, powerfull, targeted marketing to
those searching for legal forms and advice.
Rate this form
(must be logged in)
|
|
Social Bookmark this Form
|
|
Keywords: Debtor,business,direction,committee,creditors
|
|
|