Investors in the financially troubled Geneva Finance Company have agreed to restructure the business, rather than go into receivership.
Geneva owes $140 million to more than 4000 investors and froze repayments late last year.
But the company has now offered to repay 40% within the next year and the balance over four years.
Geneva has closed its retail network and laid off 150 staff, but says it has still got a safe and conservative business that will join the sharemarket next month.
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