meaning of administration order

administration order meaning in Law Dictionary

whenever creditors courtroom problem financial obligation be paid, keep firm functions going, and settle issues from an estate.

administration order meaning in Business Dictionary

legal order issued on demand of lenders to appoint an administrator to: (1) ramp up a debtor's estate to be in their debts, (2) handle an insolvent firm so as to continue its operations as a going issue, or (3) end up its business in a fashion that most readily useful satisfies the lenders' claims.