Going into administration: a step-by-step guide

摘要

Administration is designed to protect a company from its creditors while it putstogether a rescue plan. It is often done when a company is suffering significantcashflow problems.It can often be seen as the end for a business, but the procedure can allow for itsreconstruction, giving the company some breathing space while the right courseof action is decided on.Here is a guide to the administration process in the UK and what you can expect.