Provisional Liquidation Administration

Provisional Liquidation Administration is a legal process where a company in financial trouble seeks temporary protection from creditors. An appointed provisional liquidator steps in to assess the company's situation and manage its affairs. This process aims to stabilize the company, allowing time to explore options such as restructuring or selling assets. It serves as a bridge to protect the company's interests while determining the best course of action for recovery or orderly winding down. Essentially, it provides a pause in operations to evaluate and plan for the company's future amidst financial difficulties.