| Commentary

137 Appointment of creditors’ committee

| Commentary

137 Appointment of creditors’ committee

As there is no longer—in the usual case—a creditors' meeting to consider the administrator's proposals where this would have been dealt with, separate provision is now made for the appointment of a creditors' committee. This follows a similar pattern to other insolvency procedures: the creditors must be asked to consider the question of a creditor's committee when a decision on anything else is asked of them. In an administration that time comes when the company's creditors are asked to consider the administrator's proposals. Accordingly, it is provided under rule 3.39 of the Insolvency (England and

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