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Second Meeting Of Creditors Of Company Under Administration

Urban Plumbers Pty Ltd

ACN: 632053831

ABN: 35632053831

Published: 27/3/2024

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. to determine the remuneration of the administrator(s)
  2. to determine the future remuneration of the administrator(s)
  3. to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed
  4. 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
  5. if the company is wound up to consider the early destruction of books and records
  6. any other business

- to approve the Annual Administration Charge (ASIC Levies) of the Administrator

- if the company is wound up, to appoint the Administrator as Liquidator in the event that a consent to act is received from any alternative insolvency practitioner

- for the creditors of the Company to resolve that the meeting should be adjourned pursuant to Section 75-140 IPS

- to consider whether the Liquidator is authorised, pursuant to Section 477(2A) of the Corporations Act 2001, to compromise all debts owed to the company in excess of $100,000

- to consider whether the Liquidator is authorised, pursuant to Section 477(2B) of the Corporations Act 2001, to enter into any agreements for a period of greater than three (3) months, including entering into any litigation funding agreements to pursue any legal actions that arise from the Liquidation

Salea Advisory

SydneyNSW2000 null Australia
E-mail: jessica@salea.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.