Procedure |
Insolvency Act Section number |
Purpose of meeting |
Should I attend in person? |
CVL |
98 |
To ratify choice of liquidator and receive a report on the financial position of the company together with the reasons for failure |
You can use the proxy form process to record your vote for liquidator. You could attend to question the directors personally or speak to the appointed liquidator about your concerns |
CVL |
105 |
To discuss liquidators' annual report |
Only if you have concerns to raise that are best done in person, particularly if the liquidator is proposing non-standard resolutions. |
CL |
139 |
To choose liquidator and committee |
You can use the proxy form process to record your vote for liquidator. You could attend to question the directors personally or speak to the appointed liquidator about your concerns |
|
CVA/IVA
Administration
|
3 (companies) 252 (individuals) |
To agree proposals with amendments |
Quite possibly. Whilst you can use the proxy form to record your vote on the proposals that were issued before the meeting, these might be amended during the course of the meeting and your views on the changes will not be heard. Consider asking a fellow creditor or a professional to attend on your behalf. |
|
Receivership
|
48 |
To discuss the report of the receiver |
Not unless you have specific questions for the receiver, as the background events and conduct of the directors is not normally discussed |
|
Bankruptcy
|
293 |
To choose trustee |
You can use the proxy form process to record your vote for trustee. You could attend personally to speak to the Official Receiver about your concerns |
The following comprises general information about meetings of creditors. Please click on the procedure that interests you.