At Franklins Solicitors, we explain that the duration of administration varies depending on the company’s size, complexity, and the chosen resolution strategy. Most administrations last between a few months and a year, though some complex cases may take longer.

At Franklins Solicitors, we provide advice for purchasing assets or an entire business from an administrator. We assist with due diligence, negotiations, and drafting contracts to ensure a safe and compliant transaction.

At Franklins Solicitors, we guide creditors on their legal rights, including the ability to submit claims, vote on company decisions, and receive distributions from any asset sales. We ensure creditors understand their options and are properly represented throughout the process.

At Franklins Solicitors, we explain that administration is a legal procedure designed to protect a financially distressed company from creditors while exploring options to rescue or restructure the business. An administrator is appointed to manage the company, preserve assets, and act in the best interests of creditors.

At Franklins Solicitors, we advise directors to act transparently and in accordance with legal duties. Keeping accurate records, seeking professional guidance, and cooperating with the administrator can help minimise personal liability and prevent claims of wrongful or fraudulent trading.