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Re: oilsleuth post# 28696

Monday, 10/08/2012 4:55:14 AM

Monday, October 08, 2012 4:55:14 AM

Post# of 42999
Please see a copy paragraph from ASICS guide on Voluntary Administration:

"A voluntary administrator is usually appointed by a company’s directors, after they decide that the
company is insolvent or likely to become insolvent. Less commonly, a voluntary administrator may be appointed by a liquidator, provisional liquidator, or a secured creditor."

Just because the Court ordered the Winding-Up does not mean that an Administrator could have been appointed beforehand.

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