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<p>There is no central record of how many creditors attend meetings in person, but
evidence indicates that attendance at meetings is very low and that many meetings
are not attended at all.</p><p> </p><p>The 2013 report, “Review of Insolvency Practitioner
Fees” by Professor Elaine Kempson, estimated that only 4% of creditors attend meetings
in person and that fully secured creditors seldom attend in person.</p><p> </p><p>The
report goes on to say that two firms had actually calculated the percentage of creditors
attending meetings in person. A large firm had calculated that 1% of creditors do
so, and a smaller firm had calculated the amount to be 3.5%.</p>
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