What Happens in Company Administration? Administration provides you help in recovering the business along with the successful path for the business when it is used properly. The administration is like a threatening procedure for the number of company directors. When you entering into the administration the court gives punishment to those insolvent companies who were not able to pay the amount. Sometimes the company directors appoint or choose their own administration independently for their company in this way company comes under the administration's work and as well as in control of it. What happens when a company goes into administration? As of now, we know that when a company goes into administration the control of the company is gone in the hand of an administrator who is a licensed practitioner in recovering from insolvency. The basic function of an administrator is letting the company’s assets for returning or repaying the creditors without thinking about the preference...