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Second Meeting Of Creditors Of Company Under Administration

Bernwen Pty Ltd

ACN: 009446100

ABN: 41009446100

Published: 16/5/2024

The purpose of the meeting(s) is:

  1. to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
  2. to receive a statement of Administrator(s) opinion and reasons for the opinion:
    1. whether it would be in the creditors ' interests for the Company(ies) to execute a deed of company arrangement;
    2. whether it would be in the creditors ' interests for the administration to end;
    3. whether it would be in the creditors ' interests for the company to be wound up;
  3. to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) ? (c) above;
  4. to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
  5. to receive details of any proposed deed of company arrangement; and
  6. for the creditors of the Company(ies) to resolve that:
    1. the Company(ies) execute a deed of company arrangement; or
    2. the administration(s) should end; or
    3. the Company(ies) be wound up.

Other agenda items are:

  1. if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members

2. To receive a statement setting out the Administrator(s) opinion and reasons about whether the meeting should be adjourned.



3. To consider an alternative resolution that the meeting be adjourned for a period of up to 45 business days.



4. In the event that it is resolved the Company should execute a Deed of Company Arrangement, to consider the appointment of a committee of inspection and, if so, who are the committee members.



5. Any other business.

Bri Ferrier Western Australia

E-mail: jdesanmiguel@brifwa.com.au

Sydney Liquidator

JLA Insolvency & Advisory are a boutique insolvency practice based in the Sydney CBD. We work with a variety of corporate clients including private equity firms, listed and unlisted companies, first and second tier financiers and wealthy individuals.If you are experiencing financial distress or if you need any assistance with an insolvency related matter contact us for an obligation free discussion on how we can help.