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Glossary > A > "Administration" Definition

Administration

A company which is in severe trouble, but still with some hope of recovery, may be put into the charge of a court-appointed administrator. Going into administration means the company cannot be wound up without the court"s permission.

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Administration \ A company which is in severe trouble, but still with some hope of recovery, may be put into the charge of a court-appointed administrator. Going into administration means the company cannot be wound up without the court"s permission.

Administration / a company which is in severe trouble, but still with some hope of recovery, may be put into the charge of a court-appointed administrator. going into administration means the company cannot be wound up without the court"s permission.