Other questions
About the Statement of Affairs
- Should I be optimistic or pessimistic when preparing the Statement?
- The Administrator has already realised some assets – should I use the amount realised?
- What assumption should be made over whether the business will be sold as a going concern or as a break up?
- How do I calculate the recoverability of assets where the value depends upon the performance of the administrators – e.g. stock, debtors.
- What is a floating charge?
- What is a fixed charge?
- There are likely to be retention of title (or Reservation of title) claims over stock – how should this be treated?
- How do I calculate employee claims?
- What about costs of the Administration/Receivership?
- Can the deadline for submission be extended?
- What is the difference between a Statement of Affairs and an Estimated Outcome Statement?
Directors questionnaires
Creditors meetings
- Administration
- Administratve Receivership
- Company Voluntary Arrangement
- Creditors Voluntary Liquidation