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What happens when a company goes into administration?

      

What happens when a company goes into administration?

  

Answers


KevinNyabute
When a company goes into administration, all company management functions are passed to an appointed administrator who in this procedure must be a licensed insolvency practitioner. The administrator is given a certain period of time depending on the current laws since they are subject to changes and reviews to send out formal administrative proposals to all of the insolvent company's creditors.
kevinnyabute answered the question on February 26, 2018 at 09:08


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