atw: Re: CV help: In administration?

Tracy
The term 'in administration' means that the owners of the business have
employed someone (usually an accountant) to administer the business and
attempt to work its way out of financial trouble.  It does not mean
bankruptcy, nor does it mean that the owners have made severe cutbacks
on expenditure in an attempt to improve the financial position.
 
It's all about who is doing the administering.  An administrator is
usually a business recovery expert, and can usually persuade creditors
to be a bit more patient.  Receivers are expert at shutting businesses
down, and have a different relationship with creditors.
 
I'd suggest that you don't agonise over it in your CV.  Just say that
you left the firm on whatever date, and leave it at that.  If
interviewers are interested in why you left, they'll ask.  Then you can
tell them that the owners had financial trouble, or there were cutbacks,
or whatever.  Everybody understands, and nobody can blame you for it -
unless you were their accountant.   :-)
 
Allan
 

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