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Insolvency FAQ # 9 – How is a voluntary administrator appointed?

April 26, 2017Administrator appointed Insolvency Voluntary

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Insolvency FAQ # 9 – How is a voluntary administrator appointed?

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A voluntary administrator is usually appointed by a company’s directors after they decide the company is, or is likely to become insolvent. However, in some instances a voluntary administrator can be appointed by a secured creditor or a liquidator.