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- Administration is a formal insolvency process that an insolvent company enters with the goal of either rescuing the business as a going concern or providing for a better return for creditors than a liquidation12. During administration, an appointed insolvency practitioner takes control of the company's affairs and aims to maximize returns for creditors through efficient asset management2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.What does it mean when a company goes into administration? Administration is a formal insolvency process that an insolvent company enters with a view to either rescuing the business as a going concern, or providing for a better return for creditors than a liquidation. The administrator takes control of the company from the directors.harperjames.co.uk/article/corporate-insolvency-ad…During administration, the appointed insolvency practitioner takes control of the company’s affairs, aiming to maximise returns for creditors through efficient asset management. This process operates on the premise of rescuing the business as a going concern, offering a viable alternative to liquidation.insolvencypractitioner.org.uk/what-happens-when-…
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