Background
Administration
Administration is a procedure by which a company can be reorganised and its assets realised whilst being protected by a moratorium from actions brought by creditors (explained below).
Objectives
A company can be put into administration if the objectives of administration are likely to be achieved. These are set out in the Insolvency Act 1986 (the “Act”)4 as:
Global, United Kingdom, Insolvency & Restructuring, Litigation, Wedlake Bell, Unsecured debt, Injunction, Landlord, Debt, Liquidation, Moratorium, Capital punishment, Unsecured creditor, Insolvency Act 1986 (UK)