(1) In relation to Voluntary Administration:
(a) Who appoints an administrator?
(b) What is the rationale behind administration?
(c) How could it be useful to directors?
(d) What are the possible outcomes of administration?
(e) Is a restructure always the best for creditors?
(g) Are all creditors treated the same?
(h) What company debts is the administrator liable for during the administration?
(2) What is the effect of the stay (moratorium) on proceedings during administration and what do you think are the reasons the Act enables certain creditors to avoid the stay (be exempted from the stay).
(3) How are receivers appointed, and what are their duties?
(4) What matters are relevant in an assessment of whether a company is insolvent and why is the issue of insolvency an important factor in the regulation of business relationships?