Story: Business failures and corporate fraud

Voluntary administration (1st of 3)

Voluntary administration

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.

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Te Ara - The Encyclopedia of New Zealand

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Source: Insolvency and Trustee Service

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How to cite this page:

Graeme Hunt, 'Business failures and corporate fraud - Personal bankruptcy, corporate failure and fraud', Te Ara - the Encyclopedia of New Zealand, (accessed 6 July 2022)

Story by Graeme Hunt, published 11 Mar 2010