What happens when a copmany goes into administration?

Anonymous

∙ 15y 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.

Wiki User

∙ 15y ago

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