examinership

Question 1

Re Atlantic Magnets LTD

Answer 1

Protection of company

Question 2

Re Ilnerney Homes LTD
Commentary

Answer 2

Limited and crude options
Creditors receive more than liquation
If problem not severe could benefit all
Not intended to secure survival of company at all costs
Proporsals that benefit all reasonable parties

Question 3

Re Holidar

Answer 3

Criteria
Protection for company
Be continued as going concern

Question 4

Re Kilsahee Schools Limited LTD

Answer 4

Not benefit for investor but general economy
No interest in community if not boosting economy employment or other enterprise

Question 5

Re Gallium

Answer 5

Not necessary to show company will survive

Question 6

Re Traffic Group LTD

Answer 6

aim of legislation would be for enterprise to continue for benefit of company as whole

Question 7

One step pernament solutions

Answer 7

Significant tax debts employees were employed on voluntary basis

Question 8

Re Clare Textiles

Answer 8

Scheme of managment

Question 9

Re Wogans Drogheda (No.2)

Answer 9

Ultmost good faith
failure to show 100k debt to revenue

Question 10

McIllnerney Homes LTD

Answer 10

burden that Scheme is not unfairly prejudicial to any interested party rests on company