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Creditors meeting

honeybear · 2012-12-05 20:39:48

Heard this phrase today and I'm wondering what does a creditors meeting mean? Does it mean the end of a company?

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05-12-2012 9:39pm

#1

honeybear

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Heard this phrase today and I'm wondering what does a creditors meeting mean? Does it mean the end of a company?

1

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#2 05-12-2012 10:01pm
Peterdalkey

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Sadly yes, company law requires that the creditors of an insolvent company must be able to attend a meeting to appoint a liquidator. See www.insolvencyjournal.ie for more info.

Cheers

Peter

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