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Company Administration

Placing a company into Administration

Voluntary Disclosure

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Challenge

The problem normally is that the business has become insolvent and taking on more trade will only increase the debts.
Taking no action may lead to a creditor serving a winding up petition.

Solution

The aim of the administration is to get the best outcome for its creditors. This could be in the form of
1. Restructuring of the company,
2. A sale of the company as a going concern
3. To exit into a company voluntary arrangement


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