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Thursday, 16 February 2012

Notice of intention to appoint administrators. The first step

When a company is in financial trouble sometimes the first thing we hear about it is that it has filed a "notice of intention to appoint an administrator."  This usually means that it is defending itself against a creditors legal action such as a winding up petition.  Many of the high profile collapses in these last few months have been predicated in this way.  In some instances the business has been sold before an administrator has been appointed.

See our new page on the intention to appoint administrators

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