Commentary

332 Second purpose: achieving a better result for the partnership’s creditors as a whole than would be likely if the partnership were wound up

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

332 Second purpose: achieving a better result for the partnership’s creditors as a whole than would be likely if the partnership were wound up

| Commentary

332 Second purpose: achieving a better result for the partnership’s creditors as a whole than would be likely if the partnership were wound up

The second purpose is achieving a better result for the partnership’s creditors as a whole than would be likely if the partnership were wound up (without first being in administration)1. The achievement of a more advantageous realisation is closely bound up with the powers of an administrator, which are wider than those of a liquidator, thus allowing him more scope2. In addition, there is the layman’s perception that a partnership in administration remains a

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