Can anyone tell me please, what happens at a creditors meeting?
I have been informed that our developers have gone into administration, and the creditors meeting will be held end of july.
I would like to know what sort of form it takes,
can the general public attend or at least those with an interest/claim?
although the solicitor is attending, would it be benefical for me to attend?
how is it decided who gets what?
does it all take place on one day?
and are the results immediate?
and if, as creditors, it is decided that we get some of our money back, then how long would we have to wait?