Introduction

The time is now [insert the exACT time] and I am opening the meeting of creditors of [insert name of the Company or LLP (Company)] called as a general meeting of creditors under the Insolvency Act 1986 (IA 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 role of the chair, eg adviser/[joint] administrator/[provisional] liquidator etc].

The meeting that is taking place today is quorate, as the required minimum number of creditors has been reached.

The meeting[s] that [is OR are] taking place today [has OR have] been convened by me (or requisitioned by creditors) for the purposes of dealing with the following resolutions [delete/amend as appropriate]:

1. •

   fixing the basis of the office-holder’s remuneration;

2. •

   obtaining sanction from the creditors (in the absence of a [creditors’ OR liquidation] committee having been formed previously);

3. •

   forming a [creditors’ OR liquidation] committee;

4. •

   accepting proposals;

5. •

   removing