Administration: Difference between revisions
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imported>Doug Williamson (Link with Pre pack administration page.) |
imported>Doug Williamson (Add definitions. Source - Oxford Dictionary of English.) |
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''UK insolvency law.'' | 1. ''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. | Or, failing that, to achieving a more favourable realisation of its assets than would be possible on a liquidation or through a voluntary arrangement. | ||
2. ''Governance.'' | |||
Activities relating to organising and supervising an institution or other organisation. | |||
3. ''Corporate structure.'' | |||
The people who undertake the work in definition 2 above. | |||
== See also == | == See also == | ||
* [[Administrative expenses]] | |||
* [[Chapter 11]] | * [[Chapter 11]] | ||
* [[Examinership]] | * [[Examinership]] | ||
* [[Going concern]] | * [[Going concern]] | ||
* [[Governance]] | |||
* [[Insolvency]] | * [[Insolvency]] | ||
* [[Liquidation]] | * [[Liquidation]] | ||
Revision as of 15:38, 7 April 2022
1. 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.
2. Governance.
Activities relating to organising and supervising an institution or other organisation.
3. Corporate structure.
The people who undertake the work in definition 2 above.
