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 ?
Businesses that seek court protection from creditors through an administration order have, in a significant number of cases, been in trouble for years according to a survey by corporate recovery and turnaround specialists Begbies Traynor.
In the first quarter of 2002 there were 168 administration orders, 179 in 2003 and 326 in the first quarter this year.
Phil Cotter, managing director of Experian's business information division, said, 'The impact of the new Insolvency Act is clear to see but we haven't seen as many administration orders as we expected.
In comparison, voluntary liquidations rose by 0.8%, administration orders by 66% and voluntary arrangement by 6.3%.
The absolute level of administration orders, although still relatively low at 698, was up almost 60 per cent in 2001.
However, administration orders and voluntary arrangements recorded modest rises.
Instead the only options, if a company wishes to trade after insolvency, will be company voluntary arrangements or administration orders.
In contrast, administration orders were up 4.7% and voluntary arrangements were up 11.5%.
The number of receiverships and administration orders against companies reached 138 last month compared with 101 in August and 98 last September.
WASHINGTON - The US Federal Aviation Administration orders the temporary grounding of the Boeing 737 MAX "pending further investigation" into its safety.
Earlier this year, Nakumatt Holdings welcomed a High Court decision that granted the supermarket chain administration orders to accelerate and complement ongoing recovery efforts.
With the last 17 orders, Israel has 64 administration orders against Palestinians since the beginning of this month.
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