IVA Glossary > Administration order
Administration orderAn 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.
|



