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The Nominee's Report
The
nominee must submit a report to the court before the interim order ceases
to have effect stating:
-
whether a meeting of the debtor's creditors should be summoned to consider
the proposal
- if,
in his opinion such a meeting should be summoned, the date on which,
and time and place at which, he proposes the meeting should be held
The
report is filed at court and may be inspected there by any creditor.
If
the court is satisfied on receiving the nominee's report that a meeting
of the debtor's creditors should be summoned to consider the proposal
it will direct that the period of the interim order will be extended until
after the meeting. Whilst the meeting does not have to be advertised.
it must take place between 14 and 28 days after the nominee submits his
report. 14 days notice must be given to all known creditors, accompanied
by copies of the proposal and a statement of affairs (including a list
of creditors), the nominee's comments on the proposal and a proxy form.
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