Originally Posted by
Icarus2001
Only if the creditors agree.
Despite how this is presented, it is the creditors NOT the administrators that are in the driving seat.
PS. The unsecured creditors are screwed.
Nothing stopping some of those secured creditors just appointing their own receivers to go after their security.
Company I was at that eventually got liquidated went Receivers appointed -> Administration --> Refinance and receivers retired --> Still under administration --> New financier receivers appointed ---> liquidation