Certificate in insolvency - administration

how many days does an administrator have to notify Companies House of their appointment

• 10 days

• 15 days

• 7 days

When does an appointment of administrator come into effect in an in court appointment

• when the order specifies

• the date of the order

• when the administrator consents to act

EU automatic recognition regulations apply until what date

• 01.01.2020

• 31.12.2020

• 06.04.2020

what are the 3 routes into administration

• out of court by QFCH

• by order of the court

• Out of court by the company or directors

• by the sharheolders

When does a company enter Administration?

• when an administrator is appointed

• when the directors sign certificate of appointment

• when the shareholders pass the resolution

• When the administrator signs a consent to act

A QFC must be enforceable to enable the QFCH to apply for the Companies administration?

usually done by 24 hour demand for payment

• True

• False

What value of creditors is required for an objection to the deemed consent procedure to be upheld?

• 25% in value

• 10 in number of creditors

• 10% in value of creditors

The appointment of an administrator automatically terminates after one year, unless extended.  Where creditors have consented to an extension, what is the maximum period allowed for that extension?

• 12 months

• 6 months

• 24 months

The directors of Wolff Limited have decided to appoint administrators to the Company.  They ask you for assistance in doing so.  

The Company has granted a floating charge to its principal funder.  How many days’ notice of their intention to appoint must they give to the holder of a qualifying floating charge?

• 3 business days

• 7 business days

• 5 business days

After what period does a Notice of Intention to appoint expire in a directors' out of court appointment?

• 10 business days

• 14 business days

• 21 business days