Administration order: Difference between revisions
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Revision as of 09:41, 8 October 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.
