Administration Order

  1. An administration order is a Court Order placing a company that is, or is likely to become, insolvent under the control of an administrator following a petition by the company, its directors or a creditor. The purpose of the order is to preserve the company’s business, allow a reorganisation or ensure the most advantageous realisation of its assets whilst protecting it from action by its creditors.
  2. The administration of the insolvent estate of a deceased debtor.
  3. County Court process permitting an individual with modest debts to pay off by instalments. No licensed insolvency practitioner is involved.

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