Helping an administrator with their appointment and the sale of assets

We acted for the administrator of a college in a complex administration that spanned three separate areas of law: including insolvency, corporate and property.

Our role included:

• advising on a proposed pre-packaged sale to a third-party buyer, prior to administration
• helping to prepare and issue the administration documentation at court
• advising on onerous contract terms entered by the former directors relating to a sale commission agreement

The administration has now moved into liquidation.