Administration order IVA Glossary
What is Administration order?
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.