an order by the court, providing for the administration of a company's assets during a given period. The person managing this is known as an Administrator.
If a court appoints someone to look after a company's affairs the court issues an administration order. This order gives the person appointed power to run the company.
If the debts of an Individual are less than £5,000, an application can be made to the local County Court for an Administration Order.The applicant must compile a statement of means and a list of creditors showing the amounts outstanding. The applicant is required to sign and swear or affirm a declaration to the effect that the application is a true record of their indebtedness. The Court will assess the application and will then propose an order that the applicant pays the debts in full or a percentage of the debt, by monthly instalments.
Individual: An order made by a county court to arrange and administer the payment of debts. Company: An order made by a court, which appoints an administrator to take control of the company.
a county court order which stops creditors listed on it taking enforcement action without the court's permission
a Court Order that allows you to make a single payment every month to the Court
a good way to sort out all your debts
an order appointing a person as the administrator of a company
an order directing that, during the period for which the order is in force, the affairs, business and property of the company are to be managed by a person ('the administrator') appointed for the purpose by the court
an order made by the Guardianship Board after a person has lost their mental capacity
a single court order that deals with all credit debts plus arrears on council tax/poll tax debts
a type of insolvency handled by the County Court
A County Court can act on your behalf to administer payments to all your creditors. The court will stop creditors taking further action and applying further interest.
Under an Administration Order the local county court takes over the administration of the debts of a person while an agreed regular amount is repaid. Currently, any debtor with at least one CCJ registered, can make application to the court for an Administration Order. If granted, this provides protection from further action by creditors in respect of any debts listed under the order.
This is an order made by a County Court to administer the debts of either an individual or a company.
this means either a county court order relating to an individual which makes provision for payment of that individual's debts or an order concerning a company which provides for the appointment of an administrator who will as a result take charge of the company's affairs
The order of a court to appoint an administrator to manage a company in financial difficulties in an attempt to secure its survival or winding-up.
An agreement between an individual and a County Court, in which the Court helps the individual make arrangements to pay outstanding debts to creditors. The debts must not total more than £5000.
An administration order is a court order placing a company that is, or is likely to become, insolvent under the control of an administrator following a petition by the company, its directors or a creditor. The purpose of the order is to preserve the company's business and assets to allow a reorganisation or ensure the most advantageous realisation of its assets whilst protecting it from action by its creditors. The administration of the insolvent estate of a deceased debtor. County court process permitting an individual with modest debts to pay off installments. No insolvency practitioner is involved.
An administration order is one of the alternatives to liquidation of a company more
This is a process by which the directors of a company, its creditors or the holder of a qualifying floating charge place the company into administration by filing the requisite appropriate notices at court. Administration protects the company from its creditors whilst the Administrator prepares a proposal for the creditors.
County court process permitting an individual to pay off a judgment debt which is less than £5,000 in affordable instalments. No insolvency practitioner is involved.
An order made in a county court to arrange and administer the payment of debts by an individual; or an order made by a court in respect of a company that appoints an administrator to take control of the company. A company can also be put into administration if a floating charge holder, or the directors or the company itself file the requisite notice at court.
A court order placing a company, that is, or is likely to be made insolvent under the control of an administrator following a petition by the company, its directors or creditors. The purpose of the order is to protect the company assets from creditors to allow a re-organisation or the most advantageous realisation of its assets.
This is a term applied to an order made by the court in cases of small bankruptcies. If your liabilities do not exceed £5,000, the court can make an Administration Order for the payment of debts by instalments based on certain conditions.
Under Part II of the Insolvency Act 1986, an administrator is appointed under Court order. He takes control of the company's affairs to achieve the primary purpose of allowing the company to recover from its financial difficulties and to be reorganised to ensure the most profitable realisation of the company's assets.
In English and Welsh insolvency law, an Administration Order is a method used to protect a company experiencing short or medium term financial problems from its creditors. A court order is issued that forbids any form of legal or insolvency action without the court's permission. An application to the court for an administration order may be made by the company, the directors, a creditor or any combination of them.