oard / My units / LAWS19032_2221 / Assessment / Invigilated Online Test 6 Steve, Mary and Cai are the directors of a proprietary limited company called "Beautiful Lips Pty Ltd" (BL), which ed sells lipsticks. Unfortunately, due to Covid-19 and mask wearing, sales have declined, and BL is now in financial difficulties and is unable to pay its creditors. I out of Explain to the directors whether they can put BL into voluntary administration, what would be the effect question of voluntary administration on the directors as well as on the debts of the company, and what is the role of the voluntary administrator. A v B I ISS > X