real property arrangement

real property arrangement
A matter of relief provided by Chapter X11 of the Bankruptcy Act so that a debtor can pay his creditors over a period of time while retaining his real property. Re Dick (CA7 Wis) 296 F2d 912. A proceeding in the bankruptcy court to obtain a modification or alteration of the indebtedness of an individual which is secured by a lien or liens on real property. 9 Am J2d Bankr §1350.

Ballentine's law dictionary. . 1998.

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