Ann: Appointment of Voluntary Adminstrators , page-12

jones

doubt it

if it's in admin, it's usually at the hands of secured creditors - after the administrator's costs and paying out the secured creditor (and employee entitlements) there's generally not much left

the administrator is resposible for all debts that occur from the date of his appointment - ie he has a vested interest to get the best result quickly as otherwise he is personally liable for ongoing debts (from the date of his appointment)

does not paint a pretty picture in the current environment

regards

MK