Consequences of external administration
When a company enters some form of external administration, such as liquidation , voluntary administration or receivership there are consequences for directors. These vary depending on the type of external administration.
The main areas of concern are:
- Directors' powers In Voluntary Administration and Liquidation
- Directors' Obligations in Voluntary Administration and Liquidation
- Does a Director have to attend the Creditors' Meeting?
- Will a Liquidator require a Public Examination of the Directors?
- Will a Director be Disqualified by ASIC?
If you are worried about any of the above CALL US NOW for CONFIDENTIAL FREE ADVICE.
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