The Final Meeting of Creditors in the Bankruptcy Proceedings – Composition and Powers

Authors:

Pages: 208-215
DOI: https://doi.org/10.54664/GRLY3796

Abstract:

The final meeting of creditors in the insolvency proceedings has a specific place and role. It is no coincidence that it is called “conclusive”. According to the current legislation, it is convened only once in universal enforcement proceedings. The decisions taken by this assembly are a necessary and obligatory prerequisite for the court decision under Art. 735 CA, which puts an end to bankruptcy. The publication addresses the issues surrounding the composition of the final meeting, as well as the specific powers it has. Considers the problem and proposes possible solutions in case of impossibility to hold a final meeting of creditors.

Keywords:

final meeting, powers, closing of the insolvency proceedings, unsaleable things, low-value things.

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