This article discusses the options available to an administrator in case of insolvency of a Pty Ltd company and the rights of a secured creditor in such a situation. It also explains the role of an administrator, the first creditors meeting, and the three options available to formulate a solution for the creditors. The article concludes with a calculation of payment to unsecured creditors.

Assignment 2 – Case Study

Analyzing a case study involving a soil and water contamination testing business and identifying legal issues and relevant law.

Learn about the options available to an administrator in case of insolvency of a Pty Ltd company and the rights of a secured creditor in such a situation. Read more on Desklib.

Commercial and Corporation Law - Desklib

Commercial and Corporation Law

Corporate law

This article discusses the options available to an administrator in case of insolvency of a company under the Corporations Act, 2001. It also discusses the calculation of payment to unsecured creditors. The article analyzes a case where the sole shareholder and director of a soil and water testing company invokes the administration process by virtue of Section 436A of the act on behalf of the company. The administrator so appointed made a declaration that the companies total liabilities were to the tune of $210,000 and that the total assets of the company amounted to $95,000 following his obligations as per Section 436DA (2) of the act. By virtue of 437A of the Corporations Act, 2001 the company the administrator now had complete control over the affairs of the company due to the commencement of the administration process. The article concludes that the execution of a Deed of Company Arrangement (DOCA) is the most viable option available to the administrator.

Hartpury University and Hartpury College

Options Available to an Administrator in Case of Insolvency of a Company

This article discusses the issue of a company in financial distress and the options available to an administrator under the Corporations Act, 2001. It explains the role of an administrator and the process of executing a Deed of Company Arrangement. The article also provides a calculation of the payment to unsecured creditors in a given scenario.

Navotas Polytechnic College

Corporate Law: Options Available to an Administrator for a Company in Financial Distress

Company and Corporation Law Assignment PDF

PDF Business Laws   -  Sample Assignment

(PDF) Assignment on Business Laws

This article discusses the options available for external administration procedures under the Corporations Act for Acme Pty Ltd, a trading company facing cash flow problems. It explores the advantages and disadvantages of these procedures and their impact on Acme's creditors.

Commercial and Corporation Law

Options Available to an Administrator in Case of Insolvency of a Companylg...

Corporate Law: Options Available to an Administrator for a Company in Financial Distresslg...

Company and Corporation Law Assignment PDFlg...

PDF Business Laws - Sample Assignmentlg...

(PDF) Assignment on Business Lawslg...

Options for External Administration Procedures under the Corporations Actlg...

Options Available to an Administrator in Case of Insolvency of a Company

Corporate Law: Options Available to an Administrator for a Company in Financial Distress

Company and Corporation Law Assignment PDF

PDF Business Laws - Sample Assignment

(PDF) Assignment on Business Laws

Options for External Administration Procedures under the Corporations Act