creditors' meeting

Ms O'Neil said the next two weeks before the second creditors' meeting should be used to explore every opportunity to save the company.

The chairman of the creditors meeting is designated by the people's court from among the creditors with the right to vote.

The procedures for the creditors' meeting shall be determined by the liquidation committee and the creditors through negotiation.

The circumstances of the reorganization of the enterprise shall be periodically reported to the creditors' meeting.

The debtor or administrator shall give an explanation of the draft plan for reorganization at the creditors' meeting and answer inquiries.

Ordinarily, the aforesaid remuneration plan shall not be adjusted unless an objection stands at the creditors ' meeting.

Article 112 Bankruptcy property shall be realized through auction, unless otherwise decided on by the creditors' meeting.

The public announcement and notice shall stipulate the date of the first convening of the creditors' meeting.

After an application for reorganization is submitted, the enterprise shall propose a draft settlement agreement to the creditors' meeting.

A resolution adopted at the creditors' meeting shall be binding on all creditors.

In case the creditors' meeting has objections to such remuneration, it shall have the right to raise them to the people's court.

other functions and powers as entrusted by the creditors' meeting.

The proxy shall submit a power of attorney to the people's court or the chairman of the creditors ' meeting.

Article 67 The creditors' meeting may decide to establish a creditors' committee.

Article 63 For convening a creditors' meeting, the administrator shall notify the known creditors 15 days in advance.

Article 13. All creditors are members of the creditors' meeting.

The functions and powers of the creditors' meeting are:

deciding, before the first creditors' meeting is held, to continue or suspend the debtor's business;