220 Liquidation committee

The liquidation committee is the representative body of creditors appointed by them either in the same decision procedure of creditors as the appointment of the liquidator, or, if not, by a subsequent decision of creditors1. The duties of members of the liquidation committee and the obligations of the liquidator towards them are laid down in Part 17 of the Insolvency (England and Wales) Rules 2016 (the ‘2016 Rules’). If no liquidation committee is appointed, its powers are exercised by the creditors.

The liquidation committee is essentially an advisory body to which the liquidator reports, particularly on his remuneration2.

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