8 : Creditors’ Committee :

This is a committee of between 3 and 5 creditors that can be formed at the initial creditors meeting. The role of the committee is to assist the appointed Insolvency Practitioner and represent the interests of all creditors. It is a voluntary committee and can only be formed of there is sufficient demand from creditors.

Click on the word or phrase to find a straightforward explanation rather than the exact legal definition.

Jargon Selection Associates Charging Order Company Voluntary Agreement (CVA) Composition Compulsory Liquidation Connected Party Cover Schedule (aka Bond) Creditor Creditors' Committee Directors Disqualification Extortionate Credit Transactions Insolvency Insolvency Practitioner (IP) Liquidator Moratorium Nominee Office Holder Official Receiver (OR) Preference Proxy Proxyholder Statutory Demand Supervisor Transaction at an Undervalue

If you would like to find out how much we could save you, please call us on 0800 7838 137. If you would like us to call you please click here and complete the form.

E mail us