Meanings of stave off administration in English

The creditors also said that they would not extend the deadline for Leeds to stave off administration beyond Friday.

The news is a blow for Setanta, which is still trying to negotiate a last-minute rescue deal to stave off administration.

Creditors of the British arm of the chain had backed a restructuring plan in December in a bid to stave off administration.

Despite calls for players to take a cut in wages to help stave off administration, it is a bridge too far for Taylor's members.

His only other option to stave off administration will be to persuade Leeds's players to take a 35 per cent wage deferral until the summer.

Reliance Rail, which is A$1.9 billion in debt, has until the end of September to stave off administration.

It also had to close 43 unprofitable stores and place a further 46 on review in an attempt to stave off administration.

Leeds will today announce they have staved off administration until the end of the season but admit long-term survival is dependent on avoiding relegation.