ADMINISTRATION ORDER - A court decision which formally starts an administration of an insolvent company. an insolvent company, APPOINT - Put into place; give a duty to., CHARGE - A form of security for a loan. , CREDITOR - Someone to whom I owe money., DEBTOR - Someone who owes money to me., DEFAULT ON PAYMENT - To fail to repay part of a loan in time., KNOCK-DOWN PRICE - Very cheap., OFF-LOAD - Get rid of something that you do not need., PETITION A COURT - Ask a court formally to do something / take action., PREFERENTIAL CREDITORS - People who have a legal right to have money which is owed to them., REALIZE ASSETS - Sell things that you own in order to get cash., SERVICE DEBTS - To pay interests on debts that you own.,




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