 Help me do something please? |
| ineed to find a girl at home i tried the yellow pages need some more options thank ... |
|
 What movie or person u were afraid of as a kid? |
| Funny thing about this is whenI was a kid I was afraid of Vampire & Werewolf movies yet I'd want to watch them, then I'd want to slepp with the lights on in my room, I also when I lived ... |
|
 Will Starving yourself only for awhile hurt you? |
Additional Details
Im not curious, its a real question cause i am thinking about it, and done it many times before.... |
|
 Where do u spend most of your time? |
Additional Details
Design me a house!! 6 bedrooms please!... |
|
 Whats the fastest in the world? |
| it can be anything right frm mythological to technological.... |
|
 Is it true or fraud? |
| in my mail box every day recieves the mail saying that you won cash prise of 700000 pounds so what i have to do .i have to consider or not.i received mail as will winner lottery winner promotional ... |
|
 Help please ~Are tomatoes fruits or vegetables? |
| I literally have arguements with people when I explain my answer. I want to know what you ... |
|
 Work dilemma? |
| Today I discovered that people I share an office space with have been telling tales about me and spreading lies within the industry. As you can imagine I'm absolutely fuming. I discovered ... |
|
 Has The Ebay Bubble Burst? |
| It has been very difficult to sell stuff on ebay over recent months. You cant give stuff away. Even quality new products. Has the ebay bubble burst?... |
|
 What would you do if you've won $1,000,000!? |
| I would buy a boat house and sail around the world.... |
|
|  |
ccookie78 | What does going into administration mean with a company? |
Additional Details
can i just say its not me or a company i work for there for im not useless, its a company where i rent something from that have told me there in the middle of going into administration
|
 |
 
G!
|
In the context you have described, it means they are going bust. The Administrators (Financial Auditors) are selling off as many assets as possible, and paying off debts in order of priority.
If they can't resolve this situation, the Company will cease to be. |
|
SL
 |
Administration of an insolvent business
Under the insolvency laws of a number of common law jurisdiction, there are provisions which allow a company which is in financial difficulty to apply to the court for an Administration order. This is known colloquially as "going into administration". On the making of an administration order, the company receives protection from its creditors (including secured creditors) to try and preserve the company as a going concern and to avoid liquidation. The making of an administration order is very similar in effect to going into Chapter 11 in the U.S.A.
Going into administration is separate and distinct from going into administrative receivership which is a credit driven process whereby an administrative receiver is appointed over all of the assets and undertaking of the failing business by the holder of a floating charge. Although there are notional similarities between adminstration and administrative receivership (an outsider takes over control and management of the company from the board of directors), the intent and purpose of each type of insolveny regime are completely different.
Hope this is clear. |
|
tina j
|
going to hr |
|
oliver f
|
they are in the middle of going bankrupt, but are trying to stay afloat. |
|
Gareth A
 |
liquidation basically..the company is bust and will close down. |
|
Da FienD
 |
means doing the work thats not in the public eye. or the work that needs to be done in order for the company to stay active |
|
Dogs'r'us
|
When a company is put into administration, it means that it does not have sufficient funds to continue trading. Usually it is the Bank who puts the company into administration, when they send in specialist accountants to see if the company can be saved, or if it has sufficient assets to repay its debts, or if it can be sold off.
If the company cannot be saved then it usually goes into liquidation which means that everything is sold off to pay its debts.
I am afraid it does not look too good for you, if you are made redundant through receivership, then you are entitled to receive benefits immediately, as it is through no fault of your own that you have lost you job.
Good Luck - been there myself |
|
dirtyharry7717
|
it means that the company cannot pay thier bills
and another company has taken over |
|
Jack R
|
it means that they're gonna fire you...gutted! |
|
mother knowledge
 |
Paper work...mountains and mountains of it. You put info into a computer. Maybe answer phones. send out letter etc. It's quite dull, i know cos i'm doing it right now (well actually i'm procrastinating cos i can't be arsed cos it bores the knickers off me that's why i'm on here) |
|
carla s
|
There broke and have no money left to pay anyone there in debt! |
|
Paul
|
It means you should start looking for another job |
|
jamjan100
|
It means they think you are useless at everything else....... |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 9 minutes(s) ago
| | | |
13 | 42 minutes(s) ago
| | | |
13 | 3 hour(s) ago
| | | |
13 | 8 hour(s) ago
| | | |
13 | 10 hour(s) ago
| | | |
13 | 1 day(s) ago
| | | |
12 | 5 day(s) ago
| | | |
12 | 1 week(s) ago
| | | |
12 | 1 month(s) ago
| | | |
12 | 4 month(s) ago
| |
|
Homepage 
Financial
Forum 
Business & Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
