# Insolvency Act 1986, Paragraph 2


Power to make any compromise or arrangement with creditors or persons claiming to be creditors, or having or alleging themselves to have any claim (present or future, certain or contingent, ascertained or sounding only in damages) against the company, or whereby the company may be rendered liable.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/4/paragraph/2 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-4/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.