Advantages and Disadvantages of Pre Pack Administration

 

 

 

What are the advantages and the disadvantages of a pre pack administration? Now, as we know, with all insolvency procedures, there are advantages and disadvantages. And whether your business is a good candidate for a prepack will depend on a number of different factors and to know more about these, please get in touch with us. So here are some key advantages. The first one is speed, because the prepack process allows for a quick sale and seamless transfer of assets out of the old company. Secondly, because of the speed, it helps preserve your asset value. And three is jobs. Prepack administrations save jobs.

So what about the disadvantages? Well, sometimes getting funds to buy the business or the business assets can actually be a challenge. Secondly, there are some concerns from creditors and interested parties that the sale was done before. No awareness that the business has actually gone through the pre pack process and the final one in here is because of the concerns of the creditors and interested parties. There may actually be some negative publicity So these are some of the details on this big topic. So feel free to call me or the real business rescue team on the free phone number, or please click on the link below.