15 : Nominee :

The licensed Insolvency Practitioner nominated in the Proposal document to act as Supervisor of a Company Voluntary Arrangement. The Nominee reports to the Court on the chances of the proposed CVA being accepted by creditors and recommends (or not) that a meeting should be held for creditors to consider the proposal.

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

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