Chapter 52 Administration

Brexit Changes

Introduction to Administration

Purpose of Administration

Out-of-court Appointment of Administrator by Qualifying Floating Charge Holder

Out-of-court Appointment of Administrator by Company or Directors

Appointment of Administrator

Who May Present an Application?

Form, Service and Notification of Court Application

Appointment by Court

Hearing of the Court Application

Notice, Advertisement and Notification

Interim Moratorium

Moratorium

Powers of the Administrator

Effect of Administration

Power to Deal with Charged Property

Distributions by Administrator

Assignments of Leases

Status and Liabilities of the Administrator

Expenses of Administration in England and Wales

Duties of the Administrator

Administrator's Proposals

Expenses of Administration in Scotland

Seeking Creditors' Approval – England and Wales

Qualifying Decision Procedures and Creditors' Meetings in England and Wales

Creditors' Committee – England and Wales

Approval of Substantial Revisions in Proposals

Protection of Interests of Creditors and Members

Creditors' Committee – Scotland

Review etc of Administration Order

Administrator's Remuneration

Termination and Vacation of Office

Accounts

Administrator as an 'Office-holder'

Part XII Financial Difficulties