Virginia is a secured creditor of Infinitude Loans Ltd. Virginia has just received a notification that Infinitude Loans has appointed a voluntary administrator. She has no clue what this means for her. Advise Virginia on the following.

(a) What does it mean when a company appoints a voluntary administrator?

(b) Can Virginia enforce her security interest?

(c) What is the procedure for a voluntary administration? Are there meetings, and if so, what happens at them?

(d) What are the possible outcomes of a voluntary administration?