Representation at Creditors Meetings
The liquidation of a company can have a huge impact on the shareholders, employees, customers and creditors. If you have been supplying a company which has called a creditors meeting then the following questions arise.
Do we need to be represented at a creditors meeting?
What are the benefits of being represented?
In our experience the question of representation at a creditors meeting depends on a number of factors:
- The amount of the debt
- The conduct of the account leading up to the creditors meeting.
- Is there any stock or equipment that can be recovered
- Are any of your other customers at risk because of this liquidation
- What are the benefits to having representation at the meeting?