What does pre-pack administration mean?

Are you wondering what a pre-pack administration is? Listen to Michael Chamberlain as he explains the answer to the question “What is a pre-pack administration?” using his extensive knowledge on the subject gained through years of experience.

Chamberlain & Co are available for any inquiries and questions you have about the pre-pack administration process. Call us on 0113 868 1203. With offices providing Insolvency advice in Leeds, London, York and Sheffield, Chamberlain & Co are ready to assist you today.

At its basic level, a pre-pack administration facilitates the seamless purchase of the insolvent company’s trade, business and assets, thereby minimising the loss of custom and goodwill through a prolonged insolvency process or enforced closure.

 

The sale of the business and assets through this process can provide a significant advantage for the company creditors as the enhanced proceeds of sale allow for an improved return over what would have been generated in a winding-up.

 

For further information about Administration take a look at our available resources on the topic, or listen to Michael Chamberlain explain in-depth in the video above.

Company Administration

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Bankruptcy

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Liquidation

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Company Dissolution

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Receivership

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Business Restructure

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