| Commentary

49.2 Rule 15.28: Creditors' voting rights

| Commentary

49.2 Rule 15.28: Creditors' voting rights

Rule 15.28 applies generally to all kinds of creditors meetings in insolvency. The main rule relevant to an IVA is that, in a decision relating to a proposed IVA, every creditor, secured or unsecured, who has notice of the decision procedure is entitled to vote in respect of that creditor's debt1. In other words, the creditors entitled to vote are selected by the nominee by the mere fact of his giving notice to them.

The converse of this, however, is that a creditor who does not receive actual notice of the meeting

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