If you are a creditor who is owed money by a company that has gone into voluntary administration, you will receive reports and notifications of meetings from the voluntary administrators. Chamberlains can advise you on your rights and what to do in this situation. In this case update, we look at one issue that may come up in such a scenario when more time is needed before the second meeting.
In the recent case of Anderson, In The Matter Of NT Port And Marine Pty Ltd (administrators appointed) [2023] FCA 3 (Anderson), the Court made orders extending the time for the second meeting of creditors. This is the substantial meeting where the voluntary administrators will ask the creditors to decide the companys fate.
Fact of the Case
The Co…
Read the full article at: https://chamberlains.com.au/are-you-getting-what-you-paid-for/