Administration: Difference between revisions
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imported>Doug Williamson m (Wiki/Gloss Law/Fin Reg check - added 1 line space before see also and added Insolvency to see also) |
imported>Doug Williamson (Split sentence into two as per Glossary and corrected spelling mistake in realisation) |
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''UK Insolvency law''. | ''UK Insolvency law''. | ||
A procedure in relation to a company in financial difficulties with a view to securing its survival as a going concern | A procedure in relation to a company in financial difficulties with a view to securing its survival as a going concern. Or, failing that, to achieving a more favourable realisation of its assets than would be possible on a liquidation or through a voluntary arrangement. | ||
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* [[Insolvency]] | * [[Insolvency]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
Revision as of 15:29, 12 July 2014
UK Insolvency law.
A procedure in relation to a company in financial difficulties with a view to securing its survival as a going concern. Or, failing that, to achieving a more favourable realisation of its assets than would be possible on a liquidation or through a voluntary arrangement.
