Fruit & Flowers Mail Order Corporation's creditors agree to a workout with the firm. This is

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A workout is a private, negotiated agreement between a debtor and their creditors to adjust their creditor-debtor relations, often involving a period of reduced or deferred payments, so that the debtor can avoid defaulting on their obligations. It is not a dischargeable debt in bankruptcy, an accountant's financial summary, or a full reorganization of the corporation's debts and debtors.

Fruit & Flowers Mail Order Corporation's Creditors Agree to a Workout