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First, in respect to confirmation of his appoinment. Second in respect to setting up of a Creditors' committee
Thanks for the above and sorry about the typo! Chartered Accountant (of course).!. Under what authority does a Liquidator, appointed by the Directors of the relative company,have the right to:-
(a) Refuse to report to the major creditor (by some $270,000) for the first six months and
(b) Report only the bank balance and "total claimed creditors" when that time is up and
(c) Simply decide to not report any more for another six months?
2. Is there any form of redress, except application to the the High Court, concerning a Liquidator appearing to NOT be acting in a reasonable manner with the major creditor in accordance with the Companies Act 1993?
3. In the case where a "Phoenix Company" has been set up replacing the whole trading operation on the company in liquidation, should the Liquidator be responsible to the Companies Office to get the offending Director disquaified from continuing as a Director or is it OK for him to be able to continue on running the Phoenix Company?
4.Is not a Liquidator resonsible to go back over the books of the Liquidating Company to identify if excess drawings have been taken by the Managing Director over the last five years and claw them back?
No, I am not aware that the liquidator is also the accountant of the phoenix company and am sorry if I lead you to that conclusion.
How can the liquidator be replaced?
If he can be replaced who pays the new liquidator?
As we have no money left in the company (to pay our solicitor) what recourse do we have to see some sort of justice done?
I appreciate what you have done for me and wanted to rate it OK but it seems your system is insisting on charging me another $47! I understood from your offer of 5 free questions that there would be no charge! How do I deal with this?
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