What meetings are required in the Voluntary Administration period?

There are at least 2 meetings required in the Voluntary Administration period.

The first meeting of creditors must be convened and held within 8 business days after the Voluntary Adminstration begins and decides;

• whether a committee of creditors is to be formed, and
• whether the existing Voluntary Administrator is to be replaced

The second meeting of creditors is usually held 35 days after the company enters Voluntary Administration and decides;

• Whether the administration is to end and control of the company is returned to the directors
• whether to approve a Deed of Company Arrangement - if one is proposed
• whether to place the company into liquidation