Talk:Administration (insolvency)
From Wikipedia, the free encyclopedia
 |
This article is within the scope of Business and Economics WikiProject. |
| Stub | rated as stub-Class on the assessment scale |
| Low | rated as low-importance on the assessment scale |
[edit] Origin
This article was orignally part of a general article "Administration", most of which related to Business Administration. For the history of editors whose contributions formed this article, please see the history page for Administration (business). The principal contributing editor was user:Legis. --Concrete Cowboy 18:26, 8 January 2007 (UTC)
Material that follows was in original talk and repasted here. --Concrete Cowboy 18:04, 17 January 2007 (UTC)
[edit] Administration of an insolvent business
In this article, we have a section on the administration of an insolvent business. Is this the same thing as administrative receivership, for which there is another article? If so, should the two articles be linked? Or is there a subtle difference? DWaterson 18:38, 17 September 2006 (UTC)
- Yes, I agree. I'll merge them. --Concrete Cowboy 20:44, 22 September 2006 (UTC)
- No, they are not the same things. They are in fact completely different. An administrative receiver is an officer appointed by the holder of a floating charge (out of court) over all of the assets and undertaking of a company, and their job is to sell of all or part of the assets of the business (or the whole business as a going concern) to satisfy the claims of a secured creditor. An administrator is appointed by an order of the court where a business is on the verge of failing to grant protection from creditors to try and save the business by giving it breathing space. It is very similar to the U.S. chapter 11. They are polar opposites. I will do a quick fix the article, but administration of a failing company is a complex topic, and probably deserves its own article. Legis 08:49, 24 September 2006 (UTC)
- Legis - there is an article for administration order which is a stub needing a lot more input. Given your excellent reworking here and on administrative receivership, you may want to have a look at it. Burbidget 22:38, 25 September 2006 (UTC)
