Voluntary administration | Practical Law

Voluntary administration | Practical Law

This note provides an overview of voluntary administration. It discusses the legislation governing the process and administrators, the methods by which a debtor company can be placed into voluntary administration and the purpose, immediate consequences of and key stages in the process. It also explains the role, duties, powers and liabilities of an administrator, the methods of supervision of an administrator and the outcome of the voluntary administration process.

Voluntary administration

Practical Law ANZ Practice Note w-022-5693 (Approx. 34 pages)

Voluntary administration

by Practical Law New Zealand
Law stated as at 14 Dec 2022New Zealand
This note provides an overview of voluntary administration. It discusses the legislation governing the process and administrators, the methods by which a debtor company can be placed into voluntary administration and the purpose, immediate consequences of and key stages in the process. It also explains the role, duties, powers and liabilities of an administrator, the methods of supervision of an administrator and the outcome of the voluntary administration process.