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Company Administration

Placing a company into Administration

Voluntary Disclosure

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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.


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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