Administration is a process that places a company under the control of a licensed insolvency practitioner and the protection of the court when a company is insolvent.
A bankrupt is an insolvent person against whom a bankruptcy order has been issued by the court and hasn’t been discharged from bankruptcy.
Director Duties (Fiduciary)
Usually a moratorium is put in place to protect a person, business or company for a period of time. During which a certain activity is not allowed or required.