Which of the following statements concerning administration is correct?
A、A liquidation order may be granted against the company if the company is in administration
B、To commence administration always requires a court order
C、The official receiver is put in charge of a company subject to an administration order
D、If the company cannot be rescued as a going concern, the next objective of administration is to achieve a better result for creditors than an immediate liquidation would
A、A liquidation order may be granted against the company if the company is in administration
B、To commence administration always requires a court order
C、The official receiver is put in charge of a company subject to an administration order
D、If the company cannot be rescued as a going concern, the next objective of administration is to achieve a better result for creditors than an immediate liquidation would
【参考答案及解析】
If a company cannot be rescued as a going concern then the next objective of administration is toachieve a better result for creditors than an immediate liquidation. Liquidation and administration aremutually exclusive, a liquidation order cannot be made if an administration order is already in place.Administrations may be made by certain parties without a court order. An administrator is put incharge of a company in administration.
If a company cannot be rescued as a going concern then the next objective of administration is toachieve a better result for creditors than an immediate liquidation. Liquidation and administration aremutually exclusive, a liquidation order cannot be made if an administration order is already in place.Administrations may be made by certain parties without a court order. An administrator is put incharge of a company in administration.