administrators appointed, page-23

Some info below on voluntary administration looks like we will know the outcome in 4-6 weeks time. To me it seems that the directors basically are buying some time to work a deal out, and all court proceedings freeze immediately.

we shall see certainly down but not quite done for yet!!!



http://www.worrells.net.au/faq/faq_VA.htm

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/Voluntary_administration_guide_for_employees.pdf/$file/Voluntary_administration_guide_for_employees.pdf

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/Voluntary_administration_guide_for_creditors.pdf/$file/Voluntary_administration_guide_for_creditors.pdf

http://en.wikipedia.org/wiki/Administration_(law)#Australia