Sad News - Lola Enters Administration

[Aric]

I hope they can come out of the ordeal relatively unscathed.

Lola Group enters administration | Racecar Engineering

 

[Mike S.]

Is that what they call bankruptcy in England?
Mike S.

 

[Cliff Beer]

Is "administration" liquidation or reorganization? Or some hybrid of both?

 

[James Harvey]

There's an explanation on the BBC site... Q&A: Bankruptcy made simple

 

[Keith]

Crikey! That's the third time this week! :stunned: