Administration is a legal process that provides breathing space to financially distressed companies. It enables an administrator to take control and restructure the company's affairs, operations, and debts. The process is often conducted with the involvement of the Company's exiting management. The goal is to either rescue the company as a going concern, achieve a better outcome for creditors or to make a distribution to certain types of creditor. It also leads to an orderly wind up of the company's affairs if recovery isn't feasible.