Separate meetings of creditors and contributories may decide to nominate a person for the appointment of liquidator and possibly of supervisory liquidation committee.
12.
Saban's offer to buy the ProSiebenSat . 1 television group will be taken up at a meeting of creditors Tuesday, spokesman Rudolf Wallraf said.
13.
The first meeting of creditors would be late in April, after a three-month assessment period by a court-appointed liquidation committee, Wen Wei Po said.
14.
But at a meeting of creditors Tuesday, the airline's lead bankruptcy attorney said the figure has risen to $ 1.4 billion to $ 1.6 billion.
15.
The order is for the first meeting of creditors and contributories to be held in order to appoint a liquidator and a committee of inspection.
16.
At a meeting of creditors held in October 1920 it was explained that although the company had previously accumulated a surplus of ?00, 000 in 1918.
17.
If not, the liquidation will proceed as a creditors'voluntary winding-up, and a meeting of creditors will be called, to which the directors must report on the company's affairs.
18.
However, the liquidation will not be effective legally without the convening of a meeting of creditors who have the opportunity to appoint a liquidator of their own choice.
19.
At the first Meeting of Creditors, the original Trustee told those in attendance that there was " absolutely no money in the Estate for the unsecured creditors ".
20.
But at a meeting of creditors Tuesday, the airline's lead bankruptcy attorney said the figure has risen to $ 1 . 4 billion to $ 1 . 6 billion.
