HOW WILL I KNOW WHAT'S GOING ON?
Sometimes, you may first learn about
a business insolvency in the news. It must
be advertised by the IP in "The London Gazette".
If you hold shares in your own name, you may
receive information directly from the company.
You may be asked to vote on the plan of reorganisation,
although you may not get the full value of
your investment back. In fact, sometimes shareholders
don't get anything back, and they don't get
to vote on the plan.
If
you are entitled to vote, you should receive
from the IP a
copy - of the proposal;
* details of creditors' entitlement to vote;
* a proxy form for voting purposes;
* and notice of the date for the meeting
of creditors.
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