Administration order

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.

See also

• Administrator
• Liquidation
• Phoenix administration