In brief

Yes.

In more detail

Once a Notice of Intention to Appoint an administrator has been filed at the Court this will halt existing or pending creditor action. It establishes a moratorium that protects the company and provides breathing space in which to take positive action.

A creditor can only proceed with any actions with leave of the Court or, once an administrator has been appointed, with consent from the administrator.

What next?

If your company has received a CCJ you should take advice – we can help. Call our experts today on 0800 254 5494