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Administration for Companies

Administration is an appropriate course of action for companies which urgently need protection from creditors. Unlike a CVA a company can be placed into administration almost immediately by the court if the court considers that it is an appropriate and does not need the approval of your creditors.

Benefits

  • Any pending winding-up petitions will be dismissed or suspended
  • There is a moratorium on insolvency and on other legal proceedings
  • If a Receiver has been appointed, he or she must vacate office
  • If a receiver of part of the company's property has been appointed, he or she must vacate office (if the administrator requires this).

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