1.The survival of the company as a going concern; To achieve better results for creditors than an immediate winding-up; The more advantageous realisation of assets than in a liquidation.
The objectives of an administration order are to try to achieve:
- the survival of the company as a going concern, or failing that
- a better result for creditors than an immediate winding-up, or failing that
- the realisation of property to distribute among the creditors.
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