Notice of creditors meeting
Insolvency notices are the notices of insolvency events that are published in the London Gazette, these are notices that are public and available to anyone which means your creditors will be able to see if you are going through any insolvency procedures.
In Insolvency cases, not all creditors are necessarily aware of a business that may perhaps be going through administration or liquidation. Therefore legally these notices have to be published for the public to see. This is a legal requirement of the Insolvency Act and the Insolvency Rules 1986.
These insolvency notices will warn creditors about a business’s instability and will provide details of meetings, and contact details of the Insolvency Practitioners who are working on the case.
Insolvency notice in the London Gazette
To inform the public of the insolvency notice this notice is published in the London Gazette, although the Gazette is not as popular as some modern day rags and tabloids, it is the one of the oldest official journals, dating back to the 17thCentury and has always been linked to insolvency. The London Gazette will publish other British Government records as well as publishing the insolvency events.
Which Insolvency Notices are published?
The following Insolvency notices have to be legally published to inform creditors and the public of a business’s insolvency progress.
- Administration
- Administration orders
- Appointment of administrators
- Deemed Consent (Administration)
- Meetings of creditors
- Notices to members
- Creditors Voluntary Liquidation
- Annual liquidation meetings
- Appointment of liquidators
- Deemed Consent (CVL)
- Final meetings
- Meetings of creditors
- Notices to creditors
- Resolution for winding-up
- Insolvency Practitioner Applications
- Liquidation by the Court
- Annual meeting
- Appointment of Liquidators
- Deemed Consent (Winding Up by the Court)
- Dismissal of winding-up petition
- Final meetings
- Meetings of creditors
- Notice of Dividends
- Notice of Intended Dividends
- Notices to creditors
- Petitions to wind-up
- Public examinations
- Release of liquidator
- Service of petition
- Winding Up Orders
- Members Voluntary Liquidation
- Annual liquidation meetings
- Appointment of Liquidators
- Final meetings
- Notices to creditors
- Resolution for voluntary winding-up
- Moratoria
- Notices of Dividends
- Other corporate insolvency notices
What should you do if you are a creditor?
If you are a creditor and you see a business has an insolvency notice, you have a few options, depending on which insolvency notice has been published you may want to contact the company, or if they are undergoing administration or liquidation you may want to contact the Insolvency Practioner named on the notice. You are able to attend or send a named representative to any meetings that are listed in the insolvency notice and you can appoint an Insolvency Practitioner yourself to work on your behalf but this will be dependant on the case and monies owed.
What should you do if you are issued an Insolvency Notice
You will be aware of an insolvency notice before it is public, if you are issued a winding-up petition or notice of enforcement then you should speak to an accountant or a licensed insolvency practitioner to help you get the best resolution and sort out your options.