Commentary

209 Delivery of directors' statement of affairs to creditors and appointment of liquidator

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

209 Delivery of directors' statement of affairs to creditors and appointment of liquidator

| Commentary

209 Delivery of directors' statement of affairs to creditors and appointment of liquidator

There is no longer a requirement for a first meeting of creditors. Section 98 of the Insolvency Act 1986 has been repealed1.

After the company has passed a resolution to be wound up the directors of the company must make out a statement in the prescribed form of the affairs of the company which must be verified by a statement of truth made by some or all of the directors2. The statement of affairs must now be delivered by them to the creditors before the end of the

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