As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called …

Going into administration effectively means your company is being taken under the management of a court appointed administrator – who must be a licensed insolvency practitioner (IP) – appointed by the courts, your creditors, or your company directors.

When a company enters administration all company control is passed to an appointed administrator (who must be a licensed insolvency practitioner). The administrator's primary goal is to leverage the company's.ets and business to repay creditors as quickly and as fully as possible without preference.

How to put your limited company or limited liability partnership into administration – what administration is, appointing an administrator, when administration ends.

What is administration? Administration is an insolvency process by which a company is placed under the control of an insolvency practitioner to enable him to achieve objectives laid down by statute. The first objective of any administration is to rescue the company (as opposed to the business that the company carries on) …