View source for Pre pack 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. 


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 ==
* [[Administration]]
* [[Insolvency]]
* [[Liquidation]]
* [[Winding up petition]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Liquidity_management]]