Administration order: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing.) |
||
| Line 1: | Line 1: | ||
''UK Insolvency law''. | ''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 realistion 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 realistion of its assets than would be possible on a liquidation or through a voluntary arrangement. | ||
| Line 8: | Line 9: | ||
* [[Liquidation]] | * [[Liquidation]] | ||
* [[Phoenix administration ]] | * [[Phoenix administration ]] | ||
Revision as of 15:33, 27 July 2013
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 realistion 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.
