31 October 2017
In the current economic climate many of our clients are experiencing situations they’ve never had to deal with. We’ve put together the following guide to help answer the most frequently asked questions we receive.
What’s the difference between a liquidator and an administrator?
Liquidators and administrators are qualified insolvency practitioners who preside over a particular form of insolvent scheme set down by statute.
Typically, an administrator will be running the business (at least temporarily) before selling it as a going concern. Conversely, a liquidator will usually not be trading – he will instead be selling assets and closing the business down before making distributions to the various creditors. It is not unusual for a company to transition from administration to liquidation and for the same insolvency practitioner to change hats and stay in office.
To read the full insight please click 'download files'.
When disputes arise, they can often have far-reaching implications for the rest of a business.
Conducting business thorough private companies is a complex and challenging enterprise and one which is increasingly subject to scrutiny by regulators and Parliamentary Committees.
We regularly act for and against Insolvency Practitioners in contentious matters. Our priority is to give pragmatic and commercial advice at all times.
We have a wealth of experience handling commercial disputes across a broad spectrum.