gone into voluntary administration, page-2

I am still hoping that we might just get something back, or even better, that laf continue to operate and work out the debt and hedging.... but i won't hold my breath.

Voluntary administration, according to Australian website www.bankrupt.com.au, is a mechanism for companies in financial distress to obtain some breathing space from its creditors.

It is a procedure under Australian law that allows a company to avoid liquidation and to have the company administered in such a way that maximizes the chances of the company and its business to continue, or if it cannot continue, to allow a better return for the company's creditors and shareholders.