Commentary

164 Statement of affairs—administrative receiver’s proposals

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

164 Statement of affairs—administrative receiver’s proposals

164 Statement of affairs—administrative receiver’s proposals

An administrative receiver is required to call for a statement of affairs immediately on his appointment1. Within three months of his appointment (or such longer period as the court allows) he must send to the registrar of companies and to all secured creditors whose addresses he knows and their trustees a report setting out (unless disclosure would seriously prejudice the carrying out of his functions) the events leading up to his appointment, his proposals for disposing of the assets and carrying on the business of the company, the amounts of principal and interest payable

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