Probably not, loads of failed companies use this to escape their taxes and other liabilities and re-start with little debt.
It is supposed to help struggling businesses, but it seems to be used by companies to clear their debts and gain competitive advantage.
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Reply to: Pre package administration
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Previously on "Pre package administration"
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Pre package administration
Hi All,
Looking for some advice re companies in administration.
The company I was contracting to have gone into administration owing me 2 months money plus expenses.
It looks like the 2 directors have used Pre Packaged Administration and are still trading with some of the employees.
Has anyone been in a similar situation and what are my chances of getting my money?
Any other legal advice/options greatly appreciated.
Thanks,
DaveTags: None
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