Company meetings of creditors or contributories: costs must be borne only from the company's assets. The rule requires that the cost of convening and conducting the meeting of creditors or contributories is charged to the company's estate. Expenses ... Summary
Company meetings of creditors or contributories: costs must be borne only from the company's assets.
The rule requires that the cost of convening and conducting the meeting of creditors or contributories is charged to the company's estate. Expenses incurred in calling, administering and holding such creditor or contributory meetings are to be met out of the company's available assets rather than by individual attendees.
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