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Successful business recovery - administration does not have to mean the end

There are times though when saving the company as a going concern is simply not possible, but it may be possible to save the business using a voluntary insolvency procedure such as administration to achieve a business recovery.

In some circumstances, given the level of debts and the restructuring required, the most appropriate procedure will be administration. This will mean that a company can continue to trade whilst a buyer is found, creditors are will receive at least some of the monies due to them and employment will be saved.

 

Read the full article and case study on our sister site, Cashsolv, to find out how, if used correctly, administration can be a useful tool to save a business and future employment.

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