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What is Pre Pack Administration?

Written by CRG Insolvency
Tuesday, 25 April 2017 07:09

Pre Pack Administration is an arrangement in which the business and its assets are sold prior to an administration.

The administrator usually actions the sale on his appointment, this does not require any approval of court or creditors.

There are safeguards in place to ensure that the sale is transparent and legal. This can help with both continuity and the preserving of jobs, whilst maintaining the value of the business .

Read 572 times Last modified onTuesday, 25 April 2017 07:11

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