Bankruptcy > Creditors meetings

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Bankruptcy
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Creditors' meetings

Creditors become involved by attending creditors' meetings. The trustee calls the first meeting of creditors for the following purposes:

* To consider the affairs of the bankrupt

* To affirm the appointment of the trustee or substitute another in place thereof

* To appoint inspectors

* To give such directions to the trustee as the creditors may see fit with reference to the administration of the estate.



Last Updated: 29.06.2008

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Bankruptcy.

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