Administration order: 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 m (Split sentence into two as per Glossary and corrected spelling mistake in realisation) |
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''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 | 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 managed by an Administrator. | ||
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* [[Phoenix administration ]] | * [[Phoenix administration ]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
Revision as of 15:33, 12 July 2014
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 managed by an Administrator.
