What is an administration order?
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What is an administration order?
What is an administration order? When a company faces serious financial pressure, it may need legal protection while restructuring or finding a way forward. UK insolvency law provides several mechanisms to help companies in this situation, such as administration....
Read morePre pack administration: Pros and cons
Pre pack administration: Pros and cons Pre pack administration is the process that businesses facing financial difficulty can enter into to close their insolvent business and complete a packaged sale of their business or assets. It includes the sale...
Read moreAdministration vs receivership: Understanding the difference
Administration vs Receivership: Understanding the difference When a business faces financial issues and struggles to fulfil its financial obligations, such as paying its debts on time and covering its wages bill, it may be considered to be insolvent, which...
Read moreWhat is Pre Pack Administration?
What is Pre Pack Administration? Pre pack administration is one of the legal processes used to close an insolvency company while preserving the value of a business. In other words, pre pack administration is used to help manage a...
Read moreAdministration vs liquidation: Understanding the differences
Administration vs liquidation: Understanding the differences When a business faces financial difficulties, there are two insolvency practices which are the most commonly used, and they are often confused. Administration and liquidation are both governed by the Insolvency Act but...
Read moreA guide to the pre pack administration process
A guide to the pre pack administration process When a company faces financial distress and becomes insolvent, it's crucial to consider the various processes available to either revive the business or sell it to settle debts and dissolve the...
Read moreThe Latest Administration Statistics by Industry for Q1 2015
The Latest Administration Statistics by Industry for Q1 2015 Add this infographic to your website or blog, just copy the code from below. <a href="https://www.bridgenewland.co.uk/latest-insolvency-news/the-latest-administration-statistics-by-industry-for-q1-2015" rel="publisher"><img class="aligncenter size-full wp-image-3079" src="https://www.bridgenewland.co.uk/wp-content/uploads/2015/05/Q1_2015_administration.png" alt="More about Administrations" width="500" height="1826" /></a>
Read moreA More Punitive Regime for Delinquent Directors
A More Punitive Regime for Delinquent Directors On 26 March 2015 the Deregulation Bill and the Small Business, Enterprise and Employment Bill were enacted. The measures in the new Acts will be phased in over the next 12 months. According...
Read moreHow Do Pre-Packs Differ From Other Insolvency Sales?
Pre-Packs - How do they differ from other insolvency sales, and how do I know if I need one? The most common insolvency procedures for companies are administration and liquidation. In administration, the insolvent company is protected from creditors whilst...
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