| 释义 |
administration order
administration order n 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 administration order
administration order 1 an order that can be made by a court to protect a person who has a county court judgment against them from their creditors pending repayment. 2 an order made by a court in respect of a company that appoints an ADMINISTRATOR to take control of the company. Administration Order
Administration OrderIn bankruptcy or estates, an order by a court mandating that creditors appoint an administrator to handle, pay off, or discharge the debts. In the event of a bankruptcy, the administration order may also charge the administrator with winding down a business' operations. |