Phillips Law

Section 140: First meeting of creditors

December 3, 2019 No Comments

(l) Within 15 business days after being appointed, the Master must convene, and preside over, a first meeting of creditors, at which – (a) the Master – (i) must inform the creditors whether he believes that there is a reasonable prospect of rescuing the company; and (ii) may receive proof of claims by creditors: and […]