There can sometimes be a financial pressure in a pre-pack administration case which we are able to assist with. Timescales…
FAQ Category: Administration
Is a pre-pack administration an appropriate solution?
We will advise in each individual case what we believe is the most appropriate solution for your company. Pre-pack administrations…
How long does the Administration process last?
The process should be completed within 12 months, although this can be extended by the consent of the court/creditors.
What is involved in a Pre-Pack Administration?
A pre-pack administration involves a relatively quick process whereby the business and assets of the insolvent company are sold to…
What are the costs?
We will initially review your case free of charge, every case is different and therefore, we need to understand your…
Who can propose Administration?
The directors of a company can elect to voluntarily enter administration with the assistance of a licensed insolvency practitioner. Alternatively,…