It should not be forgotten that the bankruptcy does not necessarily have to end in the liquidation of the entity, so the administrator remains such until a resolution is reached.
Necessary competition
If one of the creditors is the one requesting the bankruptcy, the bankruptcy is declared compulsory. In this case, the functions of the corporate administrator are suspended and are assumed by the bankruptcy administrator. The latter will also have the following functions:
the partners responsible for phone number canada debts prior to the declaration of bankruptcy.
Demand accountability from the administrator , if necessary, and request the seizure of his/her assets (this requirement may be extended to liquidators and attorneys who have acted as such in the 2 years prior to the declaration of bankruptcy).
Request the lifting of embargoes that prevent the company from operating and stop the eviction.
It follows from this that compulsory bankruptcy is much more detrimental to the company than voluntary bankruptcy and also opens the door to bankruptcy and liquidation.