Pre pack administration: Difference between revisions

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imported>Doug Williamson
(Create page. Source: Company rescue webpage https://www.companyrescue.co.uk/guides-knowledge/what-is/pre-pack-administration-process-and-procedures/)
 
imported>Doug Williamson
m (Categorise.)
 
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''UK insolvency law - administration.''  
''UK insolvency law - administration.''  


Pre pack administration is an insolvency procedure where a company arranges to sell its assets to a buyer before appointing an administrator to facilitate the sale.
Pre pack administration is an insolvency procedure where a company:


It can be a solution to avoid a successful winding up petition and subsequent liquidation.
:arranges to sell its assets to a buyer


:before appointing an administrator to facilitate the sale.


However, pre pack administration is not permitted after a petition has been issued.
 
It can be a way to avoid a successful winding up petition and subsequent liquidation.
 
 
However, pre pack administration is not permitted after a winding up petition has been issued.




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* [[Liquidation]]
* [[Liquidation]]
* [[Winding up petition]]
* [[Winding up petition]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Liquidity_management]]

Latest revision as of 08:36, 24 July 2019

UK insolvency law - administration.

Pre pack administration is an insolvency procedure where a company:

arranges to sell its assets to a buyer
before appointing an administrator to facilitate the sale.


It can be a way to avoid a successful winding up petition and subsequent liquidation.


However, pre pack administration is not permitted after a winding up petition has been issued.


See also