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administration order

   Also found in: Financial, Wikipedia 0.01 sec.
administration order
n Law
1. (Law) an order by a court appointing a person to manage a company that is in financial difficulty, in an attempt to ensure the survival of the company or achieve the best realization of its assets
2. (Law) an order by a court for the administration of the estate of a debtor who has been ordered by the court to pay money that he owes


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WOOLWORTHS Group was granted an administration order in the High Court yesterday.
Simon Lundy, of Ingram's accountants Begbies Traynor, said: "We advised the directors that the company should seek an administration order and in the meantime Ingram Care Services entered into negotiations with Positive Life Choices for the sale of Ingram's assets and business once the company was in administration.
Administration order If one or more of your creditors has obtained a court judgement against you, the county court may make an administration order.
 
 
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