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LexisNexis Practical Guidance®
Straightforward guidance across a range of topics
- Insolvency
- Voluntary administration
First meeting of creditors
The purpose of the first meeting of creditors is:
- • to decide whether to appoint a committee of inspection and, if so, who are to be the members; and
- • to give creditors the opportunity to remove the administrator initially appointed and appoint another. See First meeting of creditors.
