Creditors' Meetings

Creditors' meetings are gatherings where companies or individuals facing financial difficulties discuss their debts with creditors—those they owe money to. During these meetings, creditors can hear plans for repayment, ask questions, and vote on proposals, such as restructuring debt or initiating bankruptcy procedures. The main goal is to find a mutually agreeable solution to settle outstanding debts, often aiming to avoid insolvency while ensuring that creditors receive as much of their owed money as possible. These meetings play a crucial role in the financial recovery process for the debtor and the interests of the creditors.