Now that its administrators have recommended liquidation, what happens next for Queensland Nickel, its workers and other creditors?
ABC News Online answers the basic questions about what happens as a firm moves from administration into liquidation.
What is the difference between administration, receivership and liquidation?
If you imagine a troubled business being like a sick person, administration is when they are admitted to hospital, receivership is like intensive care and liquidation is when they are dead but kept on life support wh…
Read the full article at: http://www.abc.net.au/news/2016-04-13/queensland-nickel-what-next-in-liquidation/7323354