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Creditors' Meetings in Bankruptcy

Posted on:1/27/2006
Creditors become involved by attending creditors' meetings.


Creditors become involved by attending creditors' meetings. The trustee calls the first meeting of creditors for the following purposes:

1) To consider the affairs of the bankrupt
2) To affirm the appointment of the trustee or substitute another in place thereof
3) To appoint inspectors
4) To give such directions to the trustee as the creditors may see fit with reference to the administration of the estate.

 

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