joint administration

Definition of "joint administration"
  1. A court-authorized method where two or more cases are managed together in order to share resources and professionals, provided there are no conflicts of interest
How to use "joint administration" in a sentence
  1. The two bankrupt firms decided on joint administration for cost efficiency.
  2. After their parents' passing, the siblings opted for joint administration of the estate to prevent disputes.
  3. The debtors chose joint administration of their insolvency proceedings to streamline the process.

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