4. What will happen during the creditors' meeting?

4. What will happen during the creditors' meeting?

During the creditors' meeting, the creditors and Miss M will negotiate on the IVA matters. The approval or modification of the proposal requires a majority of those creditors who totally hold in excess of 75% in gross amount of the debts owed and who are present in person or by proxy and vote on the resolution. Any modification of the proposal also requires consent from Miss M.