s.44Resolutions at meeting
44
Section 44Part 9Meeting of Creditors and Resolutions

Resolutions at meeting

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At the meeting the creditors may, by the votes of a majority in value of the creditors present, personally or by proxy resolve —
that the proceedings under the petition be stayed, the affairs of the debtor wound up and the debtor’s property administered under a deed of arrangement, the nature of which may or may not be specified in the resolution; or
that adjudication of bankruptcy be made, and may also resolve at their discretion, that a creditor to be named at such meeting shall be associated with the Trustee to assist and advise the Trustee in the administration of the debtor’s estate, but the appointment of such creditor shall not affect the responsibility of the Trustee; and a creditor so appointed shall receive out of the debtor’s estate such remuneration for that creditor’s services as the Court may think fit.