The Committee also acknowledged a repayment agreement for expenses wrongly claimed.
The negotiations resulted in December 2010 in a new adjusted version of the repayment agreement named Icesave bill 3, with better terms for Iceland.
He said his company, after trying repeatedly to work out a repayment agreement, was planning to pursue available legal options, even if that meant closing down the home.
It restricts class-action lawsuits that in the past have been brought accusing banks of harsh repayment agreements.
"The city works out very, very friendly repayment agreements," she said.
Earlier that week he had failed to make his second installment payment on the repayment agreement, amid rumors of the pending criminal charges.
The company reached repayment agreements with most creditors and lenders.
Payments have been made under a negotiated repayment agreement, or a cancellation, deferment or forbearance has been granted.
I've attended a university recruitment talk recently and had a look at the repayment agreement for the student loan.
A repayment agreement was reached with key clients for a flat sum per week until the amount owing was paid in full.