What is an Administration Order?
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, it’s directors or a creditor. The purpose of the order is to preserve the companys business and assets to allow a reorganisation or ensure the most advantageous realisation of its assets whilst protecting it from action by it’s creditors. The administration of the insolvent estate of a deceased debtor. County court process permitting an individual with modest debts to pay off installments. No insolvency practitioner is involved.
