KR read this:
Voluntary administration: A guide for creditors. ASIC website
The purpose of voluntary administrationVoluntary administration is designed to resolve a company’s future direction quickly (the below table summarises the process). An independent and suitably qualified person (the voluntary administrator) takes full control of the company to try to work out a way to save either the company or its business.
fingers crossed this can be saved and not be liquidated
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Ann: Appointment of Administrators, page-37
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