INS1565 - Company liquidation: Compulsory winding up

Final creditors' meeting

A liquidator, other than the Official Receiver, must give at least 28 days’ notice to creditors who have proved (in Scotland claimed) their debts that a final meeting is to be held.

The purposes of the meeting are for creditors to

• receive the liquidator’s report of the administration including a summary of the receipts and payments
• question the liquidator
• resolve whether the liquidator can obtain release
• approve the liquidator’s remuneration, if it had not already been approved.