Administration Order


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Administration Order

In bankruptcy or estates, an order by a court mandating that creditors appoint an administrator to handle, pay off, or discharge the debts. In the event of a bankruptcy, the administration order may also charge the administrator with winding down a business' operations.
References in periodicals archive ?
A statement from Andrew Deakin, Don Leisure Limited's managing director, said: "Recent poor trading results have necessitated the owners of the pier to seek the protection of an administration order.
An administration order lasts until the debts are cleared and the court fee paid.
E-Clear was not represented by counsel, but its "consent" to the administration order was notified to the court by solicitors.
Mr Rawlings informed Judge Cooke an administration order would no longer be required if the deal agreed by Gaz and Weststar was completed.
An administration order was made against the firm in Newcastle County Court on February 15.
Mr Justice Weir told the court: "I have decided to make an administration order.
On Friday, July 15, 2005, Collins & Aikman filed a press release announcing that its European subsidiaries, including the UK affiliates to which we have provided this loan, had obtained an Administration order pursuant to the jurisdiction of the English High Court in London.
That 1995 Clinton administration order implemented the most ambitious and productive declassification program ever adopted, according to the Freedom Forum.
As it is a limited company, you should apply to the court for an administration order to wind it up.
However, the expected level of future orders has not been achieved and consequently the directors feel that they are left with no alternative but to seek the protection afforded by an administration order.
Leeds were yesterday given a week's grace to find the cash to avoid an administration order.
As a result, Swansea will now be applying to have the temporary administration order lifted, which will see the club returned to the directors, free of any financial burden.
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