| Commentary

215 Annual progress report

| Commentary

215 Annual progress report

The only meeting (or decision procedure) now required in a creditors’ voluntary liquidation are the initial meetings of the company and initial decision procedure of creditors. There is now no requirement for a final meeting and in most cases, it is unlikely that any other meeting will ever be called. Formerly, there was a requirement to hold an annual meeting of creditors but in relation to companies in creditors’ voluntary liquidation which are registered in England and Wales this was replaced in 2010 by a requirement to circulate an annual progress report1. The liquidator must for the period of one

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