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What is Pre-Pack Administration?
A pre-pack administration is a process where the sale of a company’s business and assets is arranged immediately before the company enters administration and then completed as soon as the administration process begins.
How does Pre-Pack Administration work?
The pre-pack option provides a quick corporate solution with little disruption that assists preserving value, protecting employee jobs, providing the best possible return to creditors and the business continues without the burden of creditor liabilities. Pre-pack Administrations are particularly useful where there is work in progress to protect and or debtors to collect and where there needs to be a seamless continuation of the business.
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Administration
Example
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The Client
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The Problem
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The Solution
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