| Commentary

303 Effect of administration order

| Commentary

303 Effect of administration order

The broad effect of an administration order is to prevent creditors listed in the schedule to the administration order from seeking to enforce their debts without the permission of the court1. In place of their rights of enforcement, the creditors become entitled to a dividend, for which they rank equally2. While the administration order is in force, no creditor whose name is included in the list may, subject to a minor exception3, present or join in a bankruptcy petition against the debtor without the permission of the court4. However, neither

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial