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Part 2 · Opening of insolvency proceedings. Recognised assets and parties to proceedings  ›  Division 3 · Insolvency administrator. Bodies representing creditors › Section 67

Establishment of creditors’ committee

(1) Prior to the first creditors’ assembly the insolvency court may establish a creditors’ committee.

(2) Such creditors’ committee is, as a rule, to represent those creditors with a right to separate satisfaction, the insolvency creditors holding the maximum claims and small sum creditors. The committee is, as a rule, to include a representative of the debtor’s employees.

(3) Persons not holding the status of creditors may also be appointed as members of the creditors’ committee.

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