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- In the context of a company, administration is the process by which a person or company appointed by the court takes control of an insolvent company and attempts to rescue it from liquidation1. A company usually goes into administration if it's unable to pay its debts or insolvency1. Once in administration, a company can continue to trade, but daily management and control passes from the directors to the appointed administrator2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Administration is the process by which a person or company appointed by the court takes control of an insolvent company and attempts to rescue it from liquidation. A company usually goes into administration if it's unable to pay its debts or insolvency.uk.indeed.com/career-advice/career-development/…Or administration can be used to simply liquidate assets and distribute the proceeds to secured or preferential creditors where neither of the first 2 objectives are feasible. In administration Once in administration, a company can continue to trade. But daily management and control passes from the directors to the appointed administrator.companieshouse.blog.gov.uk/2019/02/27/what-doe…
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