Witness Statement Supporting Administration Order
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
📄 Administration witness statementBusiness activity
Write witness statementA witness statement is a written or recorded declaration by a person who has firsthand knowledge of a particular event. A witness statement may be used in court to prove that a person saw or heard something, or to prove that a person has certain knowledge. A witness statement may also be used to impeach a witness who is testifying in court.
A witness statement supporting an administration order under UK law is a legal document that provides a testimony from an individual who possesses relevant information or evidence pertaining to a proposed administration order. In UK law, an administration order is a formal insolvency procedure primarily designed to assist struggling businesses in their financial recovery, while protecting their creditors' interests. This legal template aims to gather firsthand accounts from witnesses who can verify and substantiate the necessity and feasibility of the administration order being sought by a company or its directors. These witnesses could include employees, creditors, financial experts, or any other parties with direct knowledge or involvement in the company's financial affairs. The statement should include detailed facts, observations, and any supporting evidence that could substantiate the company's financial difficulties, the potential benefits of an administration order, its overall viability, and the interests of all relevant stakeholders involved. The witness account should be objective, truthful, and transparent, serving to strengthen the company's application for an administration order and providing legal validity to the proposed insolvency procedure under the UK law.
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