AFG 0.00% $1.61 australian finance group ltd

afgha - phone call to administrator, page-52

  1. 806 Posts.
    A couple of things:

    1) I would imagine the administrators would have taken legal advice regarding the charge. I doubt they will do anything informally - they'll want to cover themselves.

    2) The receivers can sell the assets for whatever and whenever they want. All they need to do is make sure that the assets are sold for market value (however bad the market). However, I don't believe that they have any obligation to disclose the sales prices to anybody. Basically they appear to have an obligation that cannot be monitored.
 
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