As Soon As Practicable
Delivery up by Directors of All Books and Records.
Inform Regulatory Authorities of Commencement.
Directors to Provide Statement of Affairs.
10 Days from Date of Appointment
First Meeting of Creditors/Employees
25 Days from Date of Appointment
Meeting to Consider and Vote on Plan
Approved & Plan Implemented
If Rejected - Vote on Revised Plan/Apply to Court to Set Aside Inappropriate Vote/Offer to Purchase Voting Interests of Dissenting Parties.
If Rejected & No Steps Taken - BRP to File Termination Notice & Place Company in Liquidation.