Definitions of meeting of creditors
in the UK an initial meeting of creditors called by the Official Receiver to appoint an Insolvency Practitioner especially where the debtor has significant assets or more that 25% of the creditors request a meeting of creditors
At the first meeting of creditors, the full extent of the debtor's assests was reveled and a new isolvency practitioner was appointed.
in the US a first meeting in Bankruptcy Court between the trustee, the debtor, and the creditors, at which the debtor is questioned under oath regarding assets and liabilities
A date has been set for a meeting of creditors following the closure of the controversial Lapland attraction in Hampshire.