For those unfamilar with the various insolvency processes it is not always easy to differentiate between them.
In our latest insight we have produced a quick guide to administration that explains the procedure, benefits and effect of administration on third parties, including employees, suppliers and landlords. Our quick guide also explains the administrator’s role and the purpose of administration, as well as providing an overview of the sale process and the impact that this has.
This guide sits alongside our other quick guides that give an overview of:
Our quick guide to liquidation will be available shortly.