Place company into administration

About this business activity

Placing a company into administration can help protect it from creditors and insolvency. It can also be used to restructuring the company.

Witness Statement of Truth Verifying Compulsory Liquidation

This is a witness statement that both verifies a creditor’s winding-up petition in accordance with rule 7.6(1) of the Insolvency (England and Wales) Rules 2016 (SI 2016/1024) (IR 2016), and states reasons why the proceedings will be COMI proceedings, establishment proceedings or proceedings to which the (Retained EU Legislation) Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) (the Retained Insolvency Regulation) does not apply, in accordance with rule 7.6(8) of the IR 2016.

What to watch out for

  • That the witness statement both verifies the creditor’s winding
  • up petition and states reasons why the proceedings will be COMI proceedings, establishment proceedings or proceedings to which the Retained Insolvency Regulation does not apply
  • In accordance with rule 7.6(1) of the Insolvency (England and Wales) Rules 2016 (SI 2016/1024) (IR 2016)
  • And in accordance with rule 7.6(8) of the IR 2016
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    Standard Court Order Draft to Place a Company into Administration

    This is a draft court order that would place a company into administration, effective as of April 6, 2017. The order follows the procedural requirements set out in the Insolvency (England and Wales) Rules IR 2016 (SI 2016/1024).

    What to watch out for

  • The order should comply with the procedural requirements of the Insolvency (England and Wales) Rules IR 2016 (SI 2016/1024)
  • The company should be placed into administration
  • The order should be a standard form draft court order
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    Standard Application Notice to Court (Company Administration)

    This is an application notice to place a company into administration, in accordance with the Insolvency (England and Wales) Rules 2016 (SI 2016/1024).

    What to watch out for

  • The company's name and registered number
  • The court in which the application is being made
  • The name, address and telephone number of the applicant
  • The grounds on which the application is being made
  • The name, address and telephone number of the proposed administrator
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    Relevant Contract Types

    πŸ–ŠοΈ Administration application notice

    A notice of administration is a formal document that is filed with the court to start the probate process. The notice includes the name and address of the person who has been appointed as the personal representative, as well as the name and address of the attorney representing the estate. The notice also sets forth the time frame in which the personal representative has to file the required paperwork with the court.

    πŸ–ŠοΈ Administration order

    A administration order is a type of court order that can be made to help you pay your debts. It can be used if you owe money to more than one creditor and you cannot afford to pay them all. A administration order means that someone else, called an administrator, will manage your debts for you.

    πŸͺ™ Statement of truth

    A statement of truth is a written statement that is signed and sworn to be true. It is used to verify the accuracy of information in a legal document. A statement of truth can be used in a criminal or civil case.

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