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What conditions should the draft creditor settlement agreement meet?
The resolution should meet two conditions: (1) more than half of the creditors with voting rights present at the meeting agree; (2) The total amount of claims represented by these creditors must account for more than half of the total amount of unsecured claims. The adoption of the draft settlement agreement requires not only the approval of more than half of the creditors present at the meeting, but also the total amount of claims it represents must account for more than two-thirds of the total amount of unsecured claims. A draft settlement agreement that is not adopted according to the above requirements cannot be established.