Commentary

147 Moving from administration to voluntary liquidation

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)

147 Moving from administration to voluntary liquidation

147 Moving from administration to voluntary liquidation

Where the administrator of a company, whether appointed by court order or out of court, thinks that the total amount which each secured creditor of the company is likely to receive has been paid to him or set aside for him, and that a distribution will be made to unsecured creditors of the company (if there are any), the administrator may send a notice to the registrar of companies. On the registration of the notice, the administration (and his appointment as administrator) end in respect of the company and the company is then

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