Meeting Of Creditors

The purpose of the meeting(s) is to lay before the meeting(s) a statement of the assets and liabilities of the Company(ies).

At the meeting(s), creditors may consider a resolution to remove the liquidator(s) from office; and appoint someone else as liquidator(s) of the Company(ies).

Other agenda items are:

1. to receive and consider a report from the liquidator(s)
2. to fix or determine the remuneration of the liquidator(s)
3. to fix or determine the future remuneration of the liquidator(s)
4. to consider the early destruction of books and records

Advise creditors that in our opinion, the Company is insolvent, and the liquidation will change from a members voluntary liquidation to a creditors voluntary liquidation.



Advise creditors of their rights pursuant to Section 496 (5) of the Act to appoint some other person to be liquidator for the purpose of the creditors voluntary winding up of the Company instead of the liquidators appointed by the Company.



To fix or determine the internal disbursements of the liquidators.