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What is the process involved with appointing a voluntary administrator or liquidator to my company?

A report as to affairs is prepared by a director for the administrator within 5 business days of appointment or for a longer period if the administrator allows. The document contains information outlining the company’s assets, such as debtors, cash, stock, property, plant and equipment, and its liabilities, for example employee entitlements, unpaid tax, accounts payable.

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