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What happens when a copmany goes into administration?

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Anonymous

∙ 14y ago
Updated: 8/17/2019

It means that someone is appointed to oversee all financial matters relating to the company - wages, debtors, creditors, payments, receipts etc - in order to raise enough money to keep the company going.

If that fails, the company is usually folded.

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∙ 14y ago
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