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Before making an administration order the court must be satisfied not only that the company is (or is likely to become) unable to pay its debts, but also that the order is likely to achieve at least one of various objectives. Which three of the following objectives would be sufficient for that purpose? A. To achieve better results for creditors than an immediate winding-up. B. The prevention of unemployment among the workforce. C. A speedier resolution than under a winding up. D. The more advantageous realisation of assets than in a liquidation. E. The survival of the company as a going concern. |