Foggy wrote:Buc08 wrote:Can an IP get a trust deed protected even if the creditors don’t agree?
Assuming it is the same as an IVA the Deed will be accepted with the required majority of creditors voting "yes" --- in which case dissenting creditors are also bound.
That was my understanding but been told that even if majority of shareholders object, an IP can get it protected anyway! Anyone heard of this??
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