Unsecured creditors


F

fred

We're unsecured creditors of a company in liquidation and have been
invited to present our proof of debt and to attend the creditors
meeting.

We wont be able to attend and are considering assigning our proxy vote
to the liquidator. Is there any sense in this or do we leave it as a no
vote?
 
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D

David Woolley

fred said:
We wont be able to attend and are considering assigning our proxy vote
to the liquidator. Is there any sense in this or do we leave it as a no
vote?
I'd assume that similar rules apply to those for company meetings and
you can instruct the proxy how to vote.
 
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F

fred

David Woolley said:
I'd assume that similar rules apply to those for company meetings and
you can instruct the proxy how to vote.
Thanks for the suggestion.

No agenda posted as yet but I'm guessing a proposal will be put to the
meeting and then to a vote so we may not know the details before the
meeting. I'll contact the liquidator though to see if we can find out in
advance.
 

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