creditor meeting

A creditor meeting is a gathering where a company in financial trouble meets with its creditors—those it owes money to. This meeting is often part of bankruptcy proceedings or restructuring efforts. Creditors can ask questions about the company’s finances, its plans to repay debts, and how they will be affected. The goal is to provide transparency and potentially negotiate terms for repayment or settlement, allowing the company a chance to recover while ensuring that creditors understand their rights and options.