what are disadvantages of public administration
Answers
Answer:
Disadvantages of Going into Administration.
Administration is rarely if ever a quick process. Some cases go on for many months and, in some instances, more than a year. One of the costs of this activity, including the sometimes significant fees paid to the administrator, can cost your company a lot of money.
Explanation:
For a company in financial difficulty, going into administration represents a great opportunity to turn things around while protected from certain legal actions.
If you’re facing threats of winding up, or harassment by angry creditors, administration is designed to offer a space where the future of the company can be assessed, and the right conditions put in place for it’s turnaround.
There are advantages and disadvantages to entering into administration, however, which this article will further explore.