ACCA LW · Chapter 11 · Question 9 of 10
Who may appoint an administrator out of court, without first obtaining a court order?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The holder of a qualifying floating charge, or the company or its directors
Explanation
Under Schedule B1 to the Insolvency Act 1986, an administrator may be appointed by the court on an application, or out of court by the holder of a qualifying floating charge or by the company or its directors. An unsecured creditor may apply to the court for an administration order but cannot appoint out of court. Shareholders and auditors have no power of appointment.
More Insolvency and administration MCQs
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