Name two advantages of administration.
Define money laundering.
What is placement?
What are the two most important grounds for compulsory liquidation?
Name two advantages of administration.
Name three common effects of liquidations.
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Chapter21Insolvencyandadministration
(1) It does not necessarily result in the dissolution of the company (2) It prevents creditors applying for compulsory liquidation Subsidiary advantages are (3) All creditors can apply for an administration order (4) The administrator may challenge past transactions of the company
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