A quick-fix solution in volatile times
Hartley, Simon
A quick-fix solution in volatile times - 2008 - Estates Gazette (0842) 25 October 2008, 162-163(2) .
Article on insolvency looks at the concept of pre-packs as a form of administration, whereby a purchaser for a business is found in advance of administration and takes over as soon as an administrator is appointed. These pre-packs allow for a debt-free sale of a business, but have been criticised as it can be hard for creditors to pursue reparations. Provides a table comparing pre-packs and traditional administration and looks at case studies.
RE DKLL SOLICITORS V COMMISSIONERS OF REVENUE & CUSTOMS
RE TRANSBUS INTERNATIONAL LTD (IN LIQUIDATION)
United Kingdom--
A quick-fix solution in volatile times - 2008 - Estates Gazette (0842) 25 October 2008, 162-163(2) .
Article on insolvency looks at the concept of pre-packs as a form of administration, whereby a purchaser for a business is found in advance of administration and takes over as soon as an administrator is appointed. These pre-packs allow for a debt-free sale of a business, but have been criticised as it can be hard for creditors to pursue reparations. Provides a table comparing pre-packs and traditional administration and looks at case studies.
RE DKLL SOLICITORS V COMMISSIONERS OF REVENUE & CUSTOMS
RE TRANSBUS INTERNATIONAL LTD (IN LIQUIDATION)
United Kingdom--