ABSTRACT
Where the winding up is to be a creditors’ voluntary winding up, a meeting of the creditors must be called under s 98 of the Insolvency Act 1986 to be held not later than 14 days after the day of the company meeting. Creditors must be given at least seven days’ notice of the meeting and the notice must either give the name and address of the insolvency practitioner to whom they can apply free of charge for such information about the company’s affairs as they may reasonably require. Alternatively, creditors may be given details of a place in the relevant locality where on the two business days before the meeting, a list of the names and addresses of the company’s creditors will be available for inspection. The directors must prepare a statement of the affairs of the company to be laid before the meeting and one of their number must preside at the meeting.5
