When you hear that a company has been “placed under administration,” it doesn’t mean the business is dead. It means the company is in financial distress—and someone has stepped in to try and save it. Let’s break it down. First, what is administration? Administration is a legal process that kicks in when a company is … Continue reading What Does It Mean When a Company Is Placed Under Administration?
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What Does It Mean When a Company Is Placed Under Administration?
When you hear that a company has been “placed under administration,” it doesn’t mean the business is dead. It means the company is in financial distress—and someone has stepped in to try and save it. Let’s break it down. First, what is administration? Administration is a legal process that kicks in when a company is … Continue reading What Does It Mean When a Company Is Placed Under Administration?