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13:00 Dec 9, 2004
English to Dutch translations [PRO] Bus/Financial - Law: Contract(s)
English term or phrase:debt composition
I am translating an amendment to the financial aspects of a licence agreement. It reads here that "insolvency means the commencement of a case, by or against Licensee, under Title 11 of the United States Code (or any similar proceeding for the arrangement, adjustment or composition of debts under any state, federeal or foreign law providing for the relief of debtors).