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go into administration

/ɡoʊ ˈɪntuː ədˌmɪnɪˈstreɪʃən/
Main Example

The company had to go into administration after losing money for years.

Example context
Grammatical Info:
Verb (v.)

To enter a state where a company is managed by an administrator due to financial difficulties.

Other Example
Synonyms
Synonyms

go into administration

/ɡoʊ ˈɪntuː ədˌmɪnɪˈstreɪʃən/
Main Example

The go into administration was announced at the press conference.

Example context
Grammatical Info:
Noun (n.)

The process or state of a company being managed by an administrator due to financial issues.

Other Example
Synonyms
Synonyms

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