-
Share
3,000 Posts.
143
20/02/24
08:01
Share
Not sure mate. In my thinking they can go either one of two ways.
If they think they have support of shareholders or there is a chance to trade out of the debt they can opt for the administration route.
If the directors and administrators think there is no way out they can go direct to shut down.
No lawyer either. Just going off vague memory.
(20min delay)