Creditor's Meeting

A creditor's meeting is a formal gathering where creditors of a company or individual discuss and review the debtor’s financial situation, usually during bankruptcy or insolvency proceedings. The purpose is to share information about the debtor’s assets, debts, and proposed repayment plans, and to allow creditors to ask questions or express concerns. It helps determine how the available assets will be distributed among creditors and ensures transparency throughout the process. This meeting is an important step in resolving debt issues and reaching agreements on repayment or restructuring.