Fred R. Klein wrote:
>>Europa are now in administraton - the administrator wishes to seek out
>>interested parties who may wish to buy the company.
>
> I infer that "administration" is something akin to USA bankruptcy (Chap. 11
> ?), (Chap. 7?), insolvancy (?).
>
> Can anyone with knowledge of the legalities enlighten our group?
Here's also an informative article:
http://news.bbc.co.uk/1/hi/business/1578896.stm
Is the BBC but doesn't involve matters inimical to the Prime Minister and thus
maybe even accurate!
Reg,
Fred F.
Fred R. Klein wrote:
Europa are now in administraton - the administrator wishes to seek out
interested parties who may wish to buy the company.
I infer that "administration" is something akin to USA bankruptcy (Chap. 11
?), (Chap. 7?), insolvancy (?).
Can anyone with knowledge of the legalities enlighten our group?
Here's also an informative article:
http://news.bbc.co.uk/1/hi/business/1578896.stm
Is the BBC but doesn't involve matters inimical to the Prime Minister and thus
maybe even accurate!
Reg,
Fred F.
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