creditors’ meeting

/'kredɪtəz ˌmi:tɪŋ/ noun
a meeting of all the people to whom an insolvent company owes money, to decide how to obtain the money owed

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • creditors' meeting — USA Section 341 meeting. Also known as meeting of creditors, creditors meeting, and first meeting of creditors. The first meeting of creditors required by Section 341 of the Bankruptcy Code at which an executive officer of the debtor is… …   Law dictionary

  • creditors' meeting — ➔ meeting * * * creditors meeting UK US noun [C] LAW ► a meeting of the people or companies that are owed money by a bankrupt company, especially a meeting at which they vote on whether to accept the plan for dividing the assets that remain: »Our …   Financial and business terms

  • creditors' meeting — See Section 341(a) Meeting infra (SA United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • creditors meeting — meeting of those to whom payment is owed by a bankrupt or failing company …   English contemporary dictionary

  • creditors' meeting — In bankruptcy, first meeting of creditors and equity security holders, at which time a trustee may be elected and the debtor examined under oath. Bankruptcy Code, No. 341. See also meeting of creditors …   Black's law dictionary

  • creditors' meeting — A meeting of creditors of a bankrupt required to activate the administration of an estate in bankruptcy. 9 Am J2d Bankr § 579. Also a meeting of the creditors of a debtor in the bankruptcy court for the purpose of obtaining an arrangement or… …   Ballentine's law dictionary

  • creditors’ meeting — / kredɪtəz ˌmi:tɪŋ/ noun a meeting of all the people to whom an insolvent company owes money, to decide how to obtain the money owed …   Marketing dictionary in english

  • creditors’ meeting — Fin a meeting of those to whom a bankrupt person or organization owes money …   The ultimate business dictionary

  • meeting of creditors — meet·ing of creditors: a hearing held pursuant to section 341 of the Bankruptcy Code at which a bankrupt debtor is required to submit to examination under oath by creditors who may also elect a trustee if one has not already been appointed… …   Law dictionary

  • meeting — meet‧ing [ˈmiːtɪŋ] noun [countable] an event at which people meet to talk and decide things: • We had a meeting yesterday to discuss progress. • It was decided to hold a shareholders meeting later this month. • Two of the directors refused to… …   Financial and business terms

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