I only need the answer for the second question, the first is for context.

Tutorial questions 1. Despite promising beginnings, the organic farm in Riverina is not a success. Four years after it is registered, SAOM becomes insolvent. SAOM's directors, David, Nick and Peter hold a directors' meeting and appoint an administrator. NationsBank, which has loaned $7 million to SAOM and is owed five months worth of unpaid interest on the loan, has a circulating security interest over the inventory of SAOM. Under the terms of NationsBank's security instrument, the 'event of default list includes the appointment of an administrator. What can NationsBank do to recover the unpaid interest or to enforce its security? See HRS (124-120], [124-230] and (124-290) B. T U ebe X2 X A Styles Styl Par 2. At the second creditors' meeting, what factors would make SAOM's creditors faxour a winding up and what factors would make them favour a deed of company arrangement? See HRS (124-310]