This diagram shows the sequence of events when a company, facing difficulties, goes into voluntary administration. The administrator is normally an accountant and the intention is to allow time for the company to sort out its affairs and continue trading.
Using this item
Te Ara - The Encyclopedia of New Zealand
This item has been provided for private study purposes (such as school projects, family and local history research) and any published reproduction (print or electronic) may infringe copyright law. It is the responsibility of the user of any material to obtain clearance from the copyright holder.
Source: Insolvency and Trustee Service
Add new comment