What are the 3 things that can happen when a voluntary administration ends?

Expert Solution

Voluntary adminstration is an insolvency procedure involving the appointment of an external administrator known as voluntary adminstration.this aim's is to resolve a company's future direction .an independent and suitably qualified person takes full control of the company to try to work out a way to save either a company or business.

There are three options available to creditor when voluntary adminstrator investigates and reports to creditor on the company 's business ,property ,affair and financial security .these are -

End the voluntary adminstration and return the company to director's control.

Approve a deed of company arrangement through which the company will pay all or parts of its debts and then be free of those debts

Wind up the company and appoint a liquidator.

At the end of their adminstration the voluntary administrator must lodge a detailed account of receipts and payment.s copy of these account may be obtained by searching the ASIC registers and paying the relevant fees.

Rahul Sunny answered 2 years ago

Discuss the role that risk management plays in contracting and contract administration. What things can an...

Discuss the role that risk management plays in contracting and contract administration. What things can an organization do to minimize problems arising from broken or inadequately fulfilled contracts? Share an example from your own work experience or from materials you’ve read in the course so far.

In healthcare, what are things that we do or things that happen that make employees feel...

In healthcare, what are things that we do or things that happen that make employees feel unsafe?

In public administration, processes (means) and results (ends) are matters of considerable interest. When preparing a...

In public administration, processes (means) and results (ends) are matters of considerable interest. When preparing a budget, how might the process for allocating funds to provide public goods differ from a process for allocating funds to provide for government-produced private goods? For allocating funds for merit goods?

What can happen when a person eat high Carbohydrates and Proteins?

what kind of things can be learned when looking at phylogenetic trees?

When the antibiotic valinomycin is added to actively respiring mitochondria, several things happen; the yield of...

When the antibiotic valinomycin is added to actively respiring mitochondria, several things happen; the yield of ATP decreases, the rate of O2 consumption increases, heat is released, and the pH gradient across the inner mitochondrial membrane increases. Does valinomycin act as an uncoupler or an inhibitor of oxidative phosphorylation? Explain

When the antibiotic nigericin is added to actively respiring mitochondria, several things happen: the yield of...

When the antibiotic nigericin is added to actively respiring mitochondria, several things happen: the yield of ATP decreases, the rate of oxygen consumption increases, heat is released, and the pH gradient across the inner membrane is lost. Explain all four of these experimental observations in terms of nigericin’s mode of action. In other words specifically explain what nigericin is doing and why each of these side effects are occurring. What is common word for nigericin?

describe what a voluntary response is. how can we manage voluntary response biases? are they accounted...

describe what a voluntary response is. how can we manage voluntary response biases? are they accounted for when we build condidence error ?

Is maintaining a balance of the politics-administration dichotomy important? What does, or might, happen if there...

Is maintaining a balance of the politics-administration dichotomy important? What does, or might, happen if there is not a proper balance? What can public administrators do to maintain a good balance of the politics-administration dichotomy?

8. Does autonomous investment increase or decrease when the following things happen? Why? a. The interest...

8. Does autonomous investment increase or decrease when the following things happen? Why? a. The interest rate increases - b. A new breakthrough in science opens new areas of technological innovation for industry. c. The stock market collapses, and the general feeling is one of pessimism

Question