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XYZ Limited has $3.5 Million more liabilities than assets. Included in the liabilities of XYZ Limited, is a bank loan of $2.2 million, secured against

XYZ Limited has $3.5 Million more liabilities than assets. Included in the liabilities of XYZ Limited, is a bank loan of $2.2 million, secured against the companys building. You have been asked to advise the directors of XYZ Limited on the possible insolvency administrations facing XYZ Limited. Describe the possible insolvency administrations facing XYZ Limited

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