Ann: Empire Oil Company(WA) Ltd enters voluntary administration, page-75

My understanding is the voluntary administration process should look like this:

1) Appointment of voluntary administrator - Completed
2) First meeting of creditors - Scheduled 26th Sept
3) Voluntary administrator’s investigation and report
4) Second meeting of creditors – meeting to decide company’s future - Must be completed in 25 business days

Creditors can decide at this meeting to:

• Return the company to the control of the directors
• Accept a deed of company arrangement (the deed must be signed by the company within 15 business days following the meeting, unless the court allows an extension of time), or
• Put the company into liquidation (this happens immediately, and the administrator becomes the liquidator)

It might be sooner, but we should know something on or before the 3rd week of October.

http://asic.gov.au/regulatory-resou...luntary-administration-a-guide-for-creditors/