Pre pack administration: Difference between revisions
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imported>Doug Williamson (Expand final sentence.) |
imported>Doug Williamson m (Categorise.) |
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''UK insolvency law - administration.'' | ''UK insolvency law - administration.'' | ||
Pre pack administration is an insolvency procedure where a company | Pre pack administration is an insolvency procedure where a company: | ||
It can be a | :arranges to sell its assets to a buyer | ||
:before appointing an administrator to facilitate the sale. | |||
It can be a way to avoid a successful winding up petition and subsequent liquidation. | |||
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* [[Liquidation]] | * [[Liquidation]] | ||
* [[Winding up petition]] | * [[Winding up petition]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 08:36, 24 July 2019
UK insolvency law - administration.
Pre pack administration is an insolvency procedure where a company:
- arranges to sell its assets to a buyer
- before appointing an administrator to facilitate the sale.
It can be a way to avoid a successful winding up petition and subsequent liquidation.
However, pre pack administration is not permitted after a winding up petition has been issued.
