How long can a creditors meeting go on for?

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Jennydunk
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by Jennydunk » Wed Jun 13, 2018 12:07 pm
My creditors meeting was set for Monday 11/6 but then adjourned until Tuesday 12/6, again today I have not heard anything so I contacted the company who have said the meeting team are still waiting on creditors? How long can this go on for? I thought once meeting was set that would be the day for a decision? Should I be worried it is taking so long?
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Foggy
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by Foggy » Wed Jun 13, 2018 12:55 pm
They can adjourn for up to two weeks --- at least it means that, if there is a glitch, your firm is fighting your corner and chasing yes votes.
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Lisa Thomas
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by Lisa Thomas » Wed Jun 13, 2018 2:08 pm
suspend one hour - adjourn as many times as necessary but no more than 14 days between the first and last.
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