Liquidation Administration

Liquidation Administration is a process used when a company's financial situation is dire. Instead of trying to save the business, this approach focuses on selling off assets to pay creditors. An administrator is appointed to manage this process, ensuring that assets are gathered, valued, and sold in an orderly manner. The goal is to maximize the return for creditors while minimizing losses. Unlike traditional administration, where the aim is to rescue the business, liquidation administration accepts that the company cannot continue and seeks to settle its debts as effectively as possible.