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- Insolvency
- Voluntary administration
Second meeting and ending of administration
The purpose of the second meeting of creditors is to decide the company’s future. The CA gives the creditors three options:
- • to resolve that the company execute a DOCA in a specified form, which may differ from the form (if any) which accompanied the notice of meeting;
- • to resolve that the administration ends when the company will revert to its former ownership and control; or
- • to resolve that the company be wound up, in which case it will move into a creditors’ voluntary winding up via the transition arrangements. See Second meeting and ending of administration.
