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Voluntary administration life cycle
![[icon] Note.](./resolveUid/4e118f2ae9df05516f5333d8c7ef3475 "[icon] Note.")
Note
This is indicative only – actual voluntary administrations may vary.
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Decision to appoint Administrator May be appointed by the company/liquidator/secured creditor/Court |
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First meeting of creditors within eight (8) working days of appointment To decide whether to appoint a creditors’ committee and/or replace the Administrator |
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Watershed meeting within 25 working days of appointment |
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Administration of company in accordance with terms of proposal |
Liquidator appointed |
Voluntary Administration rejected |
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Completion of administration |
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Company continues to trade |
Company ceases operation |
Appointment of Liquidator |
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A more detailed description of this process can be found on the Companies Office website.