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Voluntary administration is an insolvency procedure where the directors of a financially troubled company or a secured creditor with a charge over most of the company’s assets appoint an external administrator called a ‘voluntary administrator’. The role of the voluntary administrator is to investigate the company’s affairs, to report to creditors and to recommend to creditors whether the company should enter into a deed of company arrangement, go into liquidation or be returned to the directors. A voluntary administrator is usually appointed by a company’s directors, after they decide that the company is insolvent or likely to become insolvent. Less commonly, a voluntary administrator may be appointed by a liquidator, provisional liquidator, or a secured creditor.
Related Journals of Voluntary Administration
Review of Public Administration and Management Journal, Arabian Journal of Business and Management Review, Journal of Civil & Legal Sciences, Journal of Entrepreneurship & Organization Management, Journal of Mass Communication & Journalism, Journal of Political Sciences & Public Affairs, Nonprofit and Voluntary Sector Quaterly, Nursing Administration Quaterly, Asia-Pacific Journal of Business Administration, Educational Management Administration and Leadership, International Journal of Hospitality and Tourism Administration, Journal of Educational Administraiton