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If a company's financial problems, but still a great potential, its directors and / or shareholders can trade in the administration by the High Court. Company for a period of one year to give its creditors a break from the directors of the company.Legally, customers and suppliers should be informed about the status of the company

Just as worryingly, the new approach with the company as far as their long-term future can be negotiated. The current and future customers start to move away from the company, its particular value is in good relations, will be severely affected. The same applies if the company's supplier upset that he was not paid, the company refused to negotiate with or in cash. The company, which is already under severe pressure brought more pressure on the cash position.

Negative effect on the administration of the customer and supplier relationships that often, the process should actually have the opposite effect has been reached could mean.As a result, the most likely outcome, the administration of a company's liquidation value of the company is selling to other areas. Core business and rarely saved a significant number of jobs within the company lost.With above conditions, what are the alternatives?

A solution that comes to mind pre-packaged liquidation, commonly known as the Phoenix is ??known. In this case, the business is to establish a new company, the company's valuable assets to buy and operate without the burden of old debts. Thus, the new business the best start and where to secure employment. Employees Tupe rules (undertakings and permanent transfer) will be transferred to the new company. And in June 2009 R3 (the Association of Business Recovery Services Professionsionals) information that in 2009 nearly 5,000 UK jobs were saved thanks to dispose of the pack was released. The study found that 5478 jobs at risk, pre-loaded in 89 studies (88 percent) +4,846 entrepreneur who is responsible in 59 percent of the cases to be stored. Obviously, the loss of pre-settlement package that creditors are closed, except for the outstanding debt. But in my opinion, this is exactly the same result, the company has been running the company, but more likely the company will not be saved, and with that more jobs will be lost. In the current economic climate, business failure and consequent loss of jobs is a harsh reality for many people. Therefore, we reverse the situation openly and try to lift the economy out of recession should discuss the available solutions.

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