Companies in administration: an overview

  • Dec 2011
  • Client publication/article

This note briefly considers the effects on a company of entering administration.

The areas covered include the:

  • mechanics of appointing an administrator
  • implications for the company (and its creditors) of the moratorium introduced to protect its assets from creditor action
  • impact of administration on company management - the administrator’s wide range of powers to manage the affairs, business and property of the company
  • administrator's role, including his duties to collate information concerning the company, to keep creditors informed through notices and meetings, and to publicise his appointment to those who may have dealings with the company
  • effect of administration on the company’s contracts and pension schemes
  • various ways in which an administration is brought to an end
 
 

Contacts

 

George Seligman (partner), Ian Hodgson (partner), Sarah Paterson (partner), Ian Johnson (partner), Lynda Elms (professional support lawyer)

 
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