Hi all
I am a bookkeeper who also deals with all invoicing and credit control for a client. Just received a notice that a customer on one of my clients is to appoint a liquidator and need to provide them with proof of debt (which is ok, can do).
They have also sent a form for my client to appoint a proxy holder along with voting instructions for that proxy holder. Just not sure how to complete this particular form.
My client acknowledges that he is very unlikely to get anything from this and he will certainly not be attending the meeting himself, but is also not aware of anyone local (its in London) he can send to the meeting, nor indeed if it is worth doing so. We do have the option to appoint the 'chairman of the meeting' and have been advised this could be a director of the company.
The notice given is
1) To have laid before it a statement as to the affairs of the company
2) The appointment of a liquidator
3) The appointment of a liquidation committee
It states Resolutions may be proposed to set the basis of the Liquidators remuneration and to confirm the pre appointment costs.
Is it normal and acceptable to appoint the Chairman (aka a Director) such a person as proxy?
Any suggestions for voting instructions/resolutions would be very welcome (and dare I ask for appropriate wording? Or should I just go to my clients Accountant?)
Thanks in advance
Replies (5)
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In my days of having to deal with these situations I just made sure our debt was included in the statement of affairs and left the liquidator to get on with it. Unless your client objects to the liquidator that is being appointed I would just let the chair be their proxy.
If your client's accountants have an insolvency department ask them if they are interested in being appointed proxy holder. If not, what do they advise?
if not, does your client have any other contacts with insolvency practitioners?
what did you sell the Client- services or goods. if the latter and you have a retention of title [ until paid] point that out to your accountants / liquidator and get over there and reclaim them ....