General Studies · Insolvency and Insolvency Practitioners
Which of the following conditions will prevent a company from appointing an administrator?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A declaration of solvency from the directors
- 2A receiver currently in office at the company✓
- 3A resolution of the floating chargeholders with a 75% majority
- 4The company is currently unable to pay its debts
Correct answer
A receiver currently in office at the company
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