Difference between revisions of "Pre pack administration"

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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 arranges to sell its assets to a buyer before appointing an administrator to facilitate the sale.  
  
It can be a solution to avoid a successful winding up petition and subsequent liquidation.
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It can be a way to avoid a successful winding up petition and subsequent liquidation.
  
  

Revision as of 11:49, 19 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