How often are Voluntary Administrations successful?
Not often! Of all companies that enter Voluntary Administration only 26% are saved. That statistic indicates that expert advice is needed prior to entering a Voluntary Administration as they are often mis-prescribed as the right solution.
"26% success"
1% success rate maybe another country ?
http://hotcopper.com.au/threads/wha...ration.2743282/?post_id=17445427#.VwX4W6R96Uk
Arrium in Administration according to AFR street talk, page-56
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