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UK business broadband provider I-NAP is preparing to hold a meeting of its creditors this month, which reports suggest could result in its liquidation.

The internet service provider will discuss its current financial situation with its backers on July 16th under Section 98 of the Insolvency Act 1986.

A letter was issued by the I-NAP board to the London Gazette - an official journal of records maintained by the government - on Friday stating that the purpose of the meeting, "if thought fit", would be to nominate a liquidator.

"The resolutions to be taken at the meeting may include a resolution specifying the terms on which the liquidator is to be remunerated in terms of fees and disbursements," the statement read.

I-Nap's official website is currently unavailable for access by customers as it is being updated, according to a message on the site.

Previously, the broadband supplier has claimed to provide network solutions for a variety of businesses, ranging from small enterprises to large corporates.

In the event that the company is liquidated, customers looking to switch broadband providers can use Top 10 Broadband to find the cheapest packages available.

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