A quick-fix solution in volatile times
Language: English Series: Estates Gazette ; (0842) 25 October 2008, 162-163(2)Publication details: 2008Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L145647 (Browse shelf(Opens below)) | 1 | Available | 145647-1001 |
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.