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Wednesday, 15 May 2013

What is pre pack liquidation?

Pre pack liquidation is a bit of a misnomer.  

A pre pack is the term normally used where the business and assets are sold to a third party or "newco" and the "oldco" is put into administration in one movement.  When people refer to a pre pack liquidation they are most likely thinking of a phoenix.  There is no simultaneous transaction.  To read the differences see our page on pre pack liquidation.

There is so much misunderstanding of the insolvency world.  So for a clearer understanding read our insolvency advice site at

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