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A quick-fix solution in volatile times

By: Contributor(s): 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.
Holdings
Item type Current library Call number Copy number Status Date due 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.