Tutorial 12 - External Administration and Insolvency Short Answer Questions 1. What rights does an unsecured creditor have in external administration? 2. Can a liquidator attempt to rescue an insolvent corporation by trading the business out of its troubles? Why/why not? 3. What qualifications does a liquidator need to work as a court appointed liquidator? 4. In whose interests does a receiver serve? 5. Why is corporate rescue a legitimate aim of corporate insolvency law?| 6. What is a statutory demand and how is it significant? 7. What is the role of the court in voluntary administration? 8. Why is voluntary administration more popular than a scheme of arrangement? 9. How are employees treated under receivership? 10. Why does an external administrator need to be independent