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In accordance with Rule 3.35 of the Insolvency (England and Wales) Rules 2016 Paragraph 49(4) of Schedule B1 to the Insolvency Act 1986 and regulation 9(5) of The Administration (Restrictions on Disposal
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01
Gather all necessary information and documents required for the joint administrators statement.
02
Start by filling out the basic information section such as names of joint administrators, company details, etc.
03
Provide a detailed account of the company's financial situation and reasons for administration.
04
Include any relevant supporting documents or evidence to back up the information provided.
05
Review the statement for accuracy and completeness before submitting it to the appropriate authorities.

Who needs joint administrators statement of?

01
Companies that are undergoing administration process.
02
Creditors, stakeholders, and regulatory bodies involved in the administration proceedings.
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The joint administrators statement is a formal document submitted by joint administrators outlining the financial status and actions taken regarding the administration of a company.
Joint administrators, who are appointed to manage the affairs of a company undergoing administration, are required to file the statement.
To fill out the joint administrators statement, the administrators must provide detailed information regarding the company's financial situation, the actions taken during administration, and any distributions made to creditors.
The purpose of the joint administrators statement is to provide transparency to creditors and stakeholders regarding the administration process and to ensure proper reporting of the financial status of the company.
The statement must report on the assets and liabilities of the company, the progress of the administration, any payments to creditors, and any significant decisions made by the administrators.
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