Administrators must convene the first creditors meeting within 8 days of their appointment. Convening period goes for 20 days after that meeting, then the second creditors meeting must be held no later than 5 days after the end of that period. Then they get to make the decision - finish the admin, wind it up, or execute a deed of company arrangement, or something else. Creditors call. S436 through 439 of the Corporations Act refers. So more news in about 33 days.