PART 17CREDITORS’ AND LIQUIDATION COMMITTEES

CHAPTER 1Introductory

Scope and interpretation17.1

1

This Part applies to the establishment and operation of—

a

a creditors’ committee in an administration;

b

a creditors’ committee in an administrative receivership;

c

a liquidation committee in a creditors’ voluntary winding up;

d

a liquidation committee in a winding up by the court; and

e

a creditors’ committee in a bankruptcy.

2

In this Part—

  • “contributory member” means a member of a liquidation committee appointed by the contributories; and

  • “creditor member” means a member of a liquidation committee appointed by the creditors.