administration in bankruptcy

简明释义

破产清理

英英释义

例句

1.The company filed for administration in bankruptcy to reorganize its debts.

该公司申请了破产管理以重组其债务。

2.During the administration in bankruptcy, a licensed insolvency practitioner will oversee the process.

在破产管理期间，一名持牌的破产管理人将监督整个过程。

3.Investors are concerned about the potential administration in bankruptcy of the firm.

投资者对该公司的潜在破产管理表示担忧。

4.The goal of administration in bankruptcy is to save the business and protect jobs.

进行破产管理的目标是拯救企业并保护就业。

5.Creditors must be informed when a company enters administration in bankruptcy.

当一家公司进入破产管理时，债权人必须被告知。

作文

The concept of administration in bankruptcy refers to a legal process aimed at managing the financial affairs of an insolvent company. It is a crucial mechanism that provides a structured way for businesses facing financial difficulties to reorganize and potentially return to profitability. The primary goal of administration in bankruptcy is to maximize the returns to creditors while allowing the company to continue its operations, if possible. This process is initiated when a company is unable to pay its debts as they fall due, which can happen for various reasons, including poor management, economic downturns, or unexpected expenses.When a company enters into administration in bankruptcy, an appointed administrator takes over the management of the business. This administrator is usually a licensed insolvency practitioner who has the authority to make decisions regarding the company's operations. One of the first steps taken by the administrator is to assess the company's financial situation thoroughly. This assessment includes reviewing outstanding debts, assets, and liabilities, as well as evaluating the potential for future profitability.The administrator's role is multifaceted. They must ensure that the interests of creditors are protected while also considering the viability of the business. In some cases, the administrator may decide to sell part or all of the company's assets to repay creditors. Alternatively, they may work towards restructuring the company's operations to improve efficiency and profitability. This could involve negotiating with creditors to reach a settlement or developing a recovery plan that outlines how the company intends to regain its financial footing.One of the significant advantages of administration in bankruptcy is that it provides a temporary relief from creditor actions. Once a company enters administration, creditors are generally prohibited from taking legal action to recover debts. This breathing space allows the administrator to implement a recovery strategy without the immediate pressure of lawsuits or asset seizures. It also gives employees some level of job security during a tumultuous time, as the administrator will typically seek to retain staff to maintain operations.However, administration in bankruptcy is not without its challenges. The process can be costly, and there is no guarantee that the company will emerge successfully from administration. If the administrator determines that the business cannot be saved, they may recommend liquidation, where the company's assets are sold off to pay creditors. This outcome can lead to job losses and can have a lasting impact on the local economy.In conclusion, administration in bankruptcy serves as a vital tool for struggling businesses to navigate their financial difficulties. While it offers a chance for recovery and continuity, it also comes with risks and uncertainties. Understanding this process is essential for business owners, creditors, and employees alike, as it can significantly affect their financial futures. By recognizing the implications of administration in bankruptcy, stakeholders can make informed decisions and better prepare for the challenges that lie ahead.

破产管理的概念指的是一种法律程序，旨在管理破产公司的财务事务。这是一个关键机制，为面临财务困难的企业提供了一种结构化的方法，以重组并有可能恢复盈利。破产管理的主要目标是最大化债权人的回报，同时允许公司继续运营（如果可能的话）。当一家公司无法按期偿还债务时，通常会启动这一过程，这可能是由于多种原因，包括管理不善、经济衰退或意外支出。当一家公司进入破产管理时，一名指定的管理者接管公司的管理。这位管理者通常是一名持牌的破产从业者，拥有对公司运营做出决策的权力。管理者采取的第一步通常是全面评估公司的财务状况。这项评估包括审查未偿还的债务、资产和负债，以及评估未来盈利的潜力。管理者的角色是多方面的。他们必须确保保护债权人的利益，同时考虑企业的可行性。在某些情况下，管理者可能决定出售部分或全部公司的资产以偿还债务。或者，他们可能致力于重组公司的运营，以提高效率和盈利能力。这可能涉及与债权人谈判达成和解，或制定一项恢复计划，概述公司打算如何重新获得财务稳定。破产管理的一大显著优势是它为债权人行动提供了暂时的缓解。一旦公司进入管理，债权人通常禁止采取法律行动来追讨债务。这种喘息空间使管理者能够实施恢复策略，而不必面对诉讼或资产被查封的直接压力。在动荡时期，这也给员工提供了一定程度的工作安全感，因为管理者通常会寻求保留员工以维持运营。然而，破产管理并非没有挑战。这个过程可能是昂贵的，并且没有保证公司会成功脱离管理。如果管理者确定企业无法挽救，他们可能会建议清算，即将公司的资产出售以偿还债权人。这种结果可能导致失业，并可能对当地经济产生持久影响。总之，破产管理作为一个重要工具，帮助挣扎中的企业应对财务困难。虽然它提供了恢复和持续的机会，但也伴随着风险和不确定性。理解这一过程对于企业主、债权人和员工来说至关重要，因为这可能会显著影响他们的财务未来。通过认识到破产管理的影响，各方可以做出明智的决策，更好地为未来的挑战做好准备。