Question: There are three main forms of external administration which each have their respective goals and processes. On 21 April 2020 Virgin Airlines Australia announced that

There are three main forms of external administration which each have their respective goals and processes. On 21 April 2020 Virgin Airlines Australia announced that it had entered voluntary administration.

With reference to the law, explain the goals of voluntary administration and how the process of voluntary administration aims to achieve these goals.

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