Administartion v Chapter 11
Kitoro, I would say Administration is not at all similar to Chapter 11, .. the administrators have an obligation to the creditors when they take control. Anyway, the company did not collapse as has been demonstrated and I am sure both debtors and creditors are being dealt with to go forward.MK did expand their fleet in recent years but their problem was simply related to fuel costs and an investment partnership that went sour despite the best efforts of Mike Kruger and his team.