Corporate Insolvency - Ensuring the Appointment of Administrators is Valid

09/11/2015 – As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions.

As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, the UK being one of them. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – an alternative to liquidation – is often known as “going into administration”.

A company in administration is operated by the administrator (as interim chief executive) on behalf of the creditors as a going concern while options are sought short of liquidation. In UK law, the administration regime is governed by the Insolvency Act 1986, as amended by the Enterprise Act 2002.

An “administrator” can be appointed without petitioning the court by the holder of a floating charge (created since 15 September 2003), by the company or by its directors. Other creditors must petition the court to appoint an administrator. The administrator must act in the interests of all the creditors and attempt to rescue the company as a going concern.

Appointing Administrators

Appointing administrators may seem easy, and mainly a form filling exercise. However, there are many issues to consider to ensure that the appointment is valid. This issue is of crucial importance as the consequences of an appointment being invalid are dire.

Whether or not an administrator has been validly appointed is an issue is of such importance that many insolvency practitioners now seek confirmation from an independent solicitor post appointment that an administrator’s appointment is valid.

Coyle White Devine have the technical expertise to ensure that appointments are valid and can assist companies going through financial difficulties to take the first step towards finding a solution. Contact Jackie Revell for further advice and information.

Insights & News

Corporate Insolvency – Ensuring the Appointment of Administrators is Valid

More Articles

ANDY GREEN V BETFRED- THE MEDIA COVERAGE CONTINUES WITH THE TIMES

Continuing success for the CWD Criminal Department!

Licence and Liberty Saved

Straightforward support by your family solicitors in Amersham

What according to an Amersham family solicitor are the most common reasons for family breakups?

Another success for the CWD Criminal Department

Divorce proceedings with a family solicitor in Amersham

ANDY GREEN v BETFRED – more media coverage

Social media platforms, free speech, and UK law: Who is accountable?

The legal advantages of getting a prenuptial agreement at Coyle White Devine

CWD Law secures £1m+ win after 3-year battle with Paddy Power

Betfred customer denied £1.7million prize due to 'glitch' takes case to court

Putting the fun into fundraising in 2016

How family solicitors in Amersham can help you to protect your assets

DAVID V GOLIATH – CWD helps Lincolnshire man take on the might of Betfred

Case of Betfred refusing £1.7m payment to customer going to summary judgment in October

What should I expect from Family Solicitors in Amersham?

Resolve your financial disputes professionally through reliable family solicitors in Amersham

How family solicitors in Amersham can help with the issue of children during divorce

Tips on how to keep your divorce civil and non-confrontational

Divorces and financial settlements How Coyle White Devine can help you with negotiations and resolution

Reach an amicable divorce using family solicitors Amersham

Family solicitor attributes and what to look for

Continuing success for CWD’s employment department

Looking for family solicitors Amersham?

Sorry seems to be the hardest word for Katie Hopkins after defaming journalist on Twitter

Legal aid abolishment

Need help with a postnuptial dispute? Coyle White Devine family solicitors can help

Could mediation be your ticket to a hassle-free divorce?

Emphatic Success for Coyle White Devine's Private Crime Team

The UK construction industry, insolvency, and the Labour Manifesto

CWD Client Wins £1 Million Battle Against Paddy Power

Take the best way forward with family solicitors in Amersham you can trust

What does family law entail?

Guiding you towards an amicable solution with a trustworthy family solicitors in Amersham

Dos and don’ts of pre-nuptial agreements as suggested by our Amersham Family Solicitors

Sports law in the UK: A brief guide to the regulations that govern football

CWD's Peter Coyle's appearances on BBC Radio 4 and BBC Radio Wales

Why do I need a family solicitor in Amersham?

The legal system is broken: Why are fees increasing but service and support decreasing?

Family solicitors in Amersham - helping family disputes

Finding a Family Solicitor in Amersham who is right for you

And they’re off! Betfred sued by £1.7m ‘winner’

Questions you should ask a family solicitor before hiring them

ANDY GREEN V BETFRED – Peter Coyle’s Interview with The Gambling Insider

Single dad refused £1.7 million Betfred payout over 'glitch' takes bookies to court

Gambler's luck runs out

Blackjack gambler who won £1.7m with Betfred but never received a penny after firm blamed software glitch could be days away from getting his winnings at High Court

ANDY GREEN V BETFRED – COVERAGE BY THE DAILY MAIL, THE SUN, THE MIRROR, THE DAILY STAR, AND THE DAILY RECORD

Customer Takes Betfred to High Court After Being Denied £1.7m Prize

Private Crime Team's Hard Work Pays Off Again

How the written word could help your business

What does a family solicitor in Amersham do?

Advice from a family solicitor in Amersham

Missed out on a prenuptial agreement? Coyle White Devine’s guide to postnuptial agreements

Relieving financial pressure through an expert family solicitors in Amersham

Announcement from Peter Coyle

Guiding you through troubled waters thanks to our expert family solicitors in Amersham

VW emissions scandal widens to include Porsche claims

Are you going through a messy divorce? Let us help you through the worst of it

Court of Appeal Rubs Salt in Stratstone's Wounds

Ways in which family solicitors in Amersham can assist with your divorce case

How to avoid making a dogs dinner of choosing a company name

Private Crime Team Success Continues in 2016

Recent Developments in Employment Law

Helping you find the light at the end of the tunnel thanks to our family solicitors in Amersham

How does a family solicitor in Amersham support my family during a divorce?

Looking for a reliable solicitor firm in Amersham? Reasons to choose Coyle White Devine

How do you get divorced?

Have you been a victim of domestic abuse? Ways to find the best solicitor to represent you

Success for the CWD Criminal Department!

ANDY GREEN V BETFRED (DAVID VS GOLAITH) – MORE MEDIA COVERAGE FROM THE BBC

How family solicitors in Amersham can help you

A family solicitor in Amersham can advise on other ways to separate

Questions you should ask yourself when getting divorced

CWD Company Update

Announcing our new Private Crime Department