Is a procedure which places a company under the control of an insolvency practitioner and the protection of the court. While a company is in administration creditors are prevented from taking any legal recovery action against it, except with the permission of the court. An administrator may be appointed either by an order of the court, on application by either, the company, its directors, one or more creditors, or, if it is in liquidation, its liquidator. Without a court order an administrator may be appointed, by direct appointment by a company, its directors or a creditor who holds comprehensive security of a type which qualifies him to make such an appointment.

Technical Downloads

A Creditors Guide to Administration pre 6 April 2010

04 Nov 2008

Bridge BR