The following Restructuring & Insolvency guidance note provides comprehensive and up to date legal information covering:
Produced in partnership with Nick O’Reilly of Moorfields
The time is now [insert the exact time] and I am opening the meeting of creditors of [insert name of the company] called as a general meeting of creditors under the Insolvency Act 1986 and the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 as amended.
I am [insert name], of [insert firm or company name] [insert details of who the chairman is, eg adviser/administrator/provisional liquidator etc].
The meeting[s] that [is OR are] taking place today has been convened by me (or requisitioned by creditors) for the purposes of dealing with the following resolutions:
fixing the basis of the office-holder’s remuneration;
obtaining sanction from the creditors (in the absence of a creditors’ committee having been formed previously);
forming a creditors’ committee;
removing the office-holder [if that is the purpose of the requisitioned meeting];
appointing a new office-holder [to replace the removed office-holder]; and
that the costs of requisitioning a meeting be paid out of the assets of the company.
I have been appointed as chairman of [each of] the meeting[s].
The agenda for today is as follows:
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