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Examinership Extensions

mirrorwall14 · 2017-09-16 20:17:54

Hi, Examiners can apply for an extension of examinership from 70 days upwards. Hypothetically the court date for that application falls at, lets say day 50. If the examiner is not applying for that extension and the company will be wound down, does the company continue trading until day 70 of the protection period or is…

16-09-2017 8:17pm

#1

mirrorwall14

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Hi,

Examiners can apply for an extension of examinership from 70 days upwards. Hypothetically the court date for that application falls at, lets say day 50. If the examiner is not applying for that extension and the company will be wound down, does the company continue trading until day 70 of the protection period or is the protection period automatically wound up?

For example one of the protections during examinership is of employees but they would expect protection up to day 70 so one would assume that process is not accelerated by the court date for the application preceding it and the company would continue as originally planned up to day 70?

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