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of <h1>Creditors Declare Agreement with Debt Restructuring Scheme, Confirm No Fraudulent Preference, Sign Statement as Required.</h1> The Creditor's Responsibility Statement is a formal declaration by creditors of a company, indicating their agreement with a proposed corporate debt restructuring scheme. The creditors confirm that the debt owed to them was incurred in good faith and in the ordinary course of business. They assert that the scheme does not provide them with any fraudulent preference over other creditors, whether secured or unsecured. The statement requires the creditor's signature, along with the date and place of signing.
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