Administration – Voluntary and involuntary administration

An administrator can be appointed by:

• the courts – on applicati on from a creditor, directors or partners
• the holder of a qualifying floating charge over the assets of the business
• the company or its directors

When an administrat or is appointed by the comp any or its directors, or by the courts on application from directors or partners, the business is considered to be entering into voluntary administration.

When an administrator is appointed by the holder of a qualifying floating charge over the assets of the business, or by the courts on application from a creditor, the business is considered to be entering into involuntary administration.

In both voluntary and involuntary admin istration, the admin istration process is the same.

More information

• Administration – What is administration?
• Administration – The administration process
• Administration – What is a composition order?
• Administration – What is an administrative receiver?
• Administration – The advantages of administration
• Administration – The disadvantages of administration
• Administration – I can’t afford to make my administration payments
• Administration – The alternatives to administration
• Administration – Insolvency and administration