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 instalments. No insolvency
practitioner is involved.
(Please Note: The
definitions are not intended to be exhaustive
summaries of the Law. They are based on material
from The Insolvency Act 1986 , and other Acts
dealing with this subject.)
Budgeting at christmas 
