In Reply to: Can you imagine the lawsuits posted by Fiona on Friday, 24. February 2006 at 15:06 Bali Time:
A very well known and generally well respected Perth company in the hospitality industry, with 18 different entries in the Perth Business White Pages, came to a negotiated settlement with creditors several years ago. Many creditors lost large amounts of money through this arrangement.
They are still in business, with the same famous name and the same ownership. Yes, it can be done.