Administration order: Difference between revisions
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''UK | ''UK insolvency law''. | ||
An order of the court made 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. | An order of the court made 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. | ||
While the order is in force, the affairs of the company are managed by an Administrator. | While the order is in force, the affairs of the company are normally managed by an Administrator. | ||
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* [[Liquidation]] | * [[Liquidation]] | ||
* [[Insolvency]] | * [[Insolvency]] | ||
* [[Order]] | |||
* [[Phoenix administration ]] | * [[Phoenix administration ]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Latest revision as of 16:58, 10 March 2021
UK insolvency law.
An order of the court made 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.
While the order is in force, the affairs of the company are normally managed by an Administrator.
