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 ?
Joe Michna, manager, Citizens Advice Hartlepool, discusses administration orders QWHAT is an administration order?
Managing company Don Leisure Limited, who run the Pier Brasserie restaurant, Pier Pressure nightclub, Inn on the Pier bar, Don Gelato Ice Cream Parlour and the Pier Amusements, blamed last January's tidal storms and the subsequent loss of business as factors in their decision to seek an administration order.
CHIEF executive Tim Fisher admits Coventry have been prepared for the possible threat of an administration order and are working with their advisers to "minimise the damage to the club".
Once the administration order is in place the bank accounts will be made accessible again.
Haldanes chief executive Arthur Harris has filed for an administration order.
WOOLWORTHS Group was granted an administration order in the High Court yesterday.
Mr Stevens said last night the administration order, granted by the High Court in Birmingham, would enable the company to rebuild its balance sheet.
Mr Byers was challenged over comments he allegedly made during a "bridge-building" dinner with rail regulator Tom Winsor after the administration order had been made in October 2001.
Leeds owe about pounds 81m and senior Newcastle sources believe an administration order is inevitable in the next few weeks.
They will now apply for the administration order to be lifted.
'Recently I gave an administration order to help in the liquidation case, let's give them time to work', Justice Ochieng ruled.
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