Pre pack administration

From ACT Wiki
Revision as of 11:48, 19 July 2019 by Doug Williamson (Talk | contribs) (Expand final sentence.)

Jump to: navigation, 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 solution 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