Pre pack administration

From ACT Wiki
Revision as of 11:49, 19 July 2019 by imported>Doug Williamson (Simplify second sentence.)
Jump to navigationJump to search

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