本篇文章讲述的是公司破产案例，这些事件导致了自愿的管理者的任命，然后接收到公司。然后，自愿管理人员尝试调查该公司的业务运营情况，并提出解决方案。他们维护事务，对财务状况做出反应，向债权人报告，并试图找到可行的替代解决方案。2016年1月4日，董事会通过决议，任命麦格拉思尼克的约瑟夫•海耶斯(Joseph Hayes)、杰森•普雷斯顿(Jason Preston)、威廉•哈里斯(William Harris)和马修•凯蒂(Matthew Caddy)为自愿管理人。预计这些人将向债权人提出一份报告，并向公司提出可能的解决办法。本篇美国酒店管理论文代写文章由美国论文通AssignmentPass辅导网整理，供大家参考阅读。
The events that led to the appointment of voluntary administrators and then receivers to the companies. Voluntary administrators then try to investigate into the company’s business operations and propose solutions to salvage the issue. They maintain affairs, react to the financial circumstances, report to the creditors and try to find viable alternative solutions. On 4th Januafe 2016, the board passed a resolution to appoint Joseph Hayes, Jason Preston, William Harris and Matthew Caddy of McGrathNicol as voluntary administrators. It was expected that these individuals would create a report to creditors and recommend probable solutions to the company.
The company was expected to into insolvency, liquidation or proposal to end the administrative control over the company or if the control of the company should be handed back to the directors will be probed by these people who had been appointed (Low, 2016). Any offenses of the company were expected to be reported to the ASIC for probable violations of protocols. This administration is the formal protocol where the insolvency practitioner is appointed as the administrator of the company directors. Once the administrative orders are granted it is deemed that all the legal actions against the company are stayed for 8 weeks. The administrator should then draft the proposals for the creditors to develop viable alternative in the creditors meeting.
Joseph Hayes, Jason Preston, William Harris, Matthew Caddy gained control over all the operations of the company. Their primary goal was to act in best interest of the creditors of the company and repay their money as much as possible. It was evident at this point that the insolvency of the company was inevitable. Owing to this it was deemed mandatory that administrators develop a policy in accordance with these arrangements.
Subsequent to this appoint the syndicate lenders were to hold the security interest over the associated entities. In this case James Stewart along with Jim Sarantinos and Ryan Eagle of Ferrier Hodgson were appointed as receivers and managers of the company.