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  • Do you need the consent of paid secured creditors to an administration extension?

Do you need the consent of paid secured creditors to an administration extension?

Rachael Markham of Squire Patton Boggs summarises a recent decision ruling that an administration had been validly extended where the consent of one of the secured creditors (who had been paid) was not obtained, but questions whether this decision should be relied on as a definitive answer on this issue.