| Commentary

83 Unsecured creditors

| Commentary

83 Unsecured creditors

There is no requirement to serve the application upon, or give any notice to, unsecured creditors of the company (including preferential creditors), unless they have already petitioned for the compulsory winding up of the company1. It is possible that unless they are petitioners under a pending winding-up petition, they will not know of the administration proceedings until after the order is made. In other cases, if an unsecured creditor becomes aware of a pending application for an administration order, he may be entitled to present a winding-up petition based on his debt in which case

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