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Agenda items are:
(a) To consider the Administrators ' reports in relation to the eligible employee creditors and the Company ' s affairs and any other matters relating to the Company ' s future.(b) To resolve that the priorities provided by Sections 556, 560 and 561 in respect of eligible employee creditors will be subject to the following variation:That the proposed deed of company arrangement does not require a provision to the effect that any eligible employee entitlements will be entitled to a priority at least equal to what they would be entitled if the property were applied in accordance with Sections 556, 560 and 561 of the Corporations Act.(c) To discuss any other relevant business which may arise.
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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.
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.