How does the Voluntary Administrator notify creditors of any meetings?
The Voluntary Administrator must notify as many creditors as is pratical, in writing, and must also advertise the appointment and the meeting of creditors in a daily newspaper circulating in the states and territories in which the company conducts its business.
In addition to the foregoing, the Voluntary Administrator must forward to creditors, before the second meeting,
- a detailed report as to the company's business, property affairs and financial circumstances, and;
- a statement about any proposal for a Deed of Company Arrangement
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